Method and system for allocating deposits over a plurality of depository institutions

ABSTRACT

A method, system, and program product, the method comprising: (1) aggregated account information FDIC aggregated deposit accounts held in a plurality of banks; (2) client account information: (1) obtaining a client available deposit amount, Di; (2) determining, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client or relative to tier ranges, wherein each tier has a number of banks associated therewith or a function for computing the number of banks associated therewith; (3) allocating the client available deposit amount, Di, across a number of banks, NT, equal to the number associated electronically with the tier, Ti; and generating data to transfer funds to or from one or more of the banks.

CROSS-REFERENCE TO RELATED PATENT APPLICATIONS

This application is a Continuation of U.S. application Ser. No.15/241,959, filed Aug. 19, 2016, which is a Continuation of U.S.application Ser. No. 13/801,874, filed Mar. 13, 2013, which is aContinuation of U.S. application Ser. No. 12/794,448 filed Jun. 4, 2010which is a Continuation of U.S. application Ser. No. 12/638,544, filedDec. 15, 2009, which claims priority from Provisional Application U.S.Application 61/181,109, filed May 26, 2009, and from ProvisionalApplication U.S. Application 61/246,840, filed Sep. 29, 2009. All theseapplications are incorporated hereby by reference in their entirety asif fully set forth herein.

FIELD OF THE INVENTION

The field of the invention relates generally to administration of clienttransaction accounts, and administration of interest-bearing aggregateddeposit accounts at program banks.

SUMMARY OF THE INVENTION

In accordance with one embodiment, a computer system for managing aplurality of client transaction accounts associated with a plurality ofrespective clients for a plurality of transactions, said systemcomprising: A. one or more electronic databases, stored on one or morecomputer-readable media, comprising: (1) aggregated account informationfor a plurality of Federal Deposit Insurance Corporation (FDIC)-insuredand interest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the insured and interest-bearingaggregated deposit accounts holding funds of the respective clienttransaction account; and B. one or more computers comprising memorywherein the memory stores computer-readable instructions comprisingprogram code that, when executed, cause the one or more computers toperform the steps: (1) administering clients' deposits/transfers to andwithdrawals/transfers from client transaction accounts, saidadministering comprising processing transaction data comprisingtransaction data for one or more deposits/transfers for one or moreclient transaction accounts and/or transaction data for one or morewithdrawals/transfers from one or more of said client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer; (2) performing the following steps for each clienttransaction account, i, of a plurality of client transaction accounts:(a) determining a client available deposit amount, D_(i), from therespective client's transaction account, i, comprising funds to bedistributed over N_(i) respective banks in the program for the client;(b) determining, for a client available deposit amount D_(i), that isless than an FDIC-insured limit multiplied by N_(i) banks, a value ofN_(i) banks for the respective client transaction account, wherein N_(i)is a whole number and (X) times (N_(i)) is equal to or less than 100,where X is a distribution percent value to be distributed to each of theN_(i) banks; (c) allocating, the percentage, X, multiplied by therespective client available deposit amount, D_(i), comprising arespective client bank distribution amount, BN_(i), to each of therespective N_(i) banks determined for the respective client, up to apredetermined amount in each of the respective client N_(i) banks; (3)calculating, for each bank of a plurality of the banks in the program, arespective net bank deposit amount for allocation to one or more of theFDIC-insured and interest-bearing aggregated deposit accounts held inthe respective bank, the respective net bank deposit amount comprising asum of respective client bank distribution amounts, BN_(i), from aplurality of the client transaction accounts, allocated to therespective bank; (4) generating instructions to transfer funds to orfrom one or more of the FDIC-insured and interest-bearing aggregateddeposit accounts in one or more of the respective banks in the programto facilitate transfer of the respective net bank deposit amounts thatwere calculated for the allocation; and (5) updating one or more of theelectronic databases with update data for each of a plurality of theclient transaction accounts, with the update data for each of the clienttransaction accounts comprising respective client bank distributionamounts, BN_(i), transferred or to be transferred to the respectiveclient N_(i) banks for the client in the program.

In a further embodiment, the memory stores computer-readableinstructions comprising program code that configures the one or morecomputers to perform, for each of a plurality of the client transactionaccounts steps, for when (X) times (N_(i)) is less than 100 so thatthere is a remainder amount, R_(i): comprising: (d) allocating at leasta portion, PR_(i), of the remainder amount, R_(i), multiplied by therespective client available deposit amount, D_(i), whereR_(i)=(D_(i))−D_(i)(N_(i)·X)/100, to one or more of the banks, M_(i), upto a predetermined amount in each of the respective one or more clientM_(i) banks; and wherein the calculating step (3) comprises calculating,for each bank of a plurality of the banks in the program, a respectivenet bank deposit amount for allocation to one or more of theFDIC-insured and interest-bearing aggregated deposit accounts held inthe respective bank, the respective net bank deposit amount comprising asum of respective client bank distribution amounts, BN_(i), and/orportions, PR_(i), of remainder amounts, R_(i), from a plurality of theclient transaction accounts, allocated to the respective bank; andwherein the updating step (5) comprises updating one or more of theelectronic databases with update data for each of a plurality of theclient transaction accounts, with the update data for each of the clienttransaction accounts comprising portions, PR_(i), of remainder amounts,transferred or to be transferred to the respective client M_(i) banksfor the client in the program.

In a further embodiment, the memory for one or more of the computersstores computer-readable instructions that, when executed, cause the oneor more computers to perform the step: processing allwithdrawals/transfers from and/or deposits/transfers to the respectiveclient transaction account, i, against the funds in the one or more ofthe respective client remainder banks, M_(i), for the client, until oneor more criteria are met.

In a further embodiment, the one or more criteria comprise that theclient available deposit amount, D_(i), is greater than a minimum amountand less than a maximum amount.

In a further embodiment, the one or more of the electronic databasesincludes client preference and/or exclusion information comprising aclient's one or more preferences and/or one or more exclusions of one ormore banks to hold its funds; and wherein the memory for one or more ofthe computers storing computer-readable instructions that, whenexecuted, cause the one or more computers to perform the step:determining the banks in the program for allocation of the clientavailable deposit amount, D_(i), based at least in part on the clientpreference and/or exclusion information.

In a further embodiment, the one or more databases comprise: informationfor each respective one of a plurality of the client transactionaccounts about a respective relationship bank or other respectiverelationship financial entity that originated or maintains therespective client transaction account, and that can hold funds, and arespective amount or method of determining the respective amount, to beretained in the respective relationship bank or respective relationshipfinancial entity for the respective client transaction account; andwherein the operation of determining a client available deposit amount,D_(i), from the respective client's transaction account, i, comprisesthe one or more computers configured for: obtaining the respectiveamount to be retained; and subtracting the respective amount to beretained from the balance in the client transaction account.

In a further embodiment, the operation is disclosed of receiving theD_(i) from a non-bank agent.

In a further embodiment, the operation is disclosed of receiving theD_(i) for one or the respective clients via a direct or indirectcommunication from the respective client.

In a further embodiment, the operation is disclosed of receiving theD_(i) from a relationship bank holding a client transaction account forthe respective client. In one embodiment, the relationship bank is oneof the N_(i) banks.

In a further embodiment, the program code for generating instructions totransfer funds to or from one or more of the FDIC-insured andinterest-bearing aggregated deposit accounts in one or more of therespective banks in the program is configured to cause, for each of aplurality of the banks in the program, a respective balance of funds inthe respective bank held in the one or more FDIC-insured andinterest-bearing aggregated deposit accounts therein to approximatelyequal the respective net bank deposit amount calculated for therespective bank.

In another embodiment, a method is disclosed for managing a plurality ofclient transaction accounts associated with a plurality of respectiveclients for a plurality of transactions, the method comprising: A.accessing, by one or more computers, one or more electronic databases,stored on one or more computer-readable media, comprising: (1)aggregated account information for a plurality of Federal DepositInsurance Corporation (FDIC)-insured and interest-bearing aggregateddeposit accounts held in a plurality of banks, N, in a program, whereinfunds from client transaction accounts of a plurality of clients areaggregated with funds of other client transaction accounts in theaggregated deposit accounts held in the banks in the program; and (2)client transaction account information for each of the respective clienttransaction accounts comprising: (a) a respective balance in therespective client transaction account; (b) transaction data for therespective client transaction account; and (c) a respective balance offunds from the respective client transaction account held in each of oneor more of the insured and interest-bearing aggregated deposit accountsholding funds of the client transaction account; and B. administering,by the one or more computers, clients' deposits/transfers to andwithdrawals/transfers from client transaction accounts, saidadministering comprising processing transaction data comprisingtransaction data for one or more deposits/transfers for one or moreclient transaction accounts and/or transaction data for one or morewithdrawals/transfers from a plurality of said client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer; C. performing the following operations for eachclient transaction account, i, of a plurality of client transactionaccounts: (1) determining a client available deposit amount, D_(i), fromthe respective client's transaction account i, comprising funds to bedistributed over N_(i) respective banks in the program for therespective client; (2) determining, for a client available depositamount D_(i), that is less than an FDIC-insured limit multiplied byN_(i) banks, a value of N_(i) banks for the respective clienttransaction account, wherein N_(i) is a whole number and (X) times(N_(i)) is equal to or less than 100, where X is a distribution percentvalue to be distributed to each of the N_(i) banks; (3) allocating, bythe one or more computers, a respective client bank distribution amount,BN_(i), comprising approximately the percentage, X, multiplied by therespective client available deposit amount, to each of the respectiveN_(i) banks determined for the client, up to a predetermined amount ineach of the respective client N_(i) banks; D. calculating, by the one ormore computers, for each bank of a plurality of the banks in theprogram, a respective net bank deposit amount for allocation to one ormore of the FDIC-insured and interest-bearing aggregated depositaccounts held in the respective bank, the respective net bank depositamount comprising a sum of respective client bank distribution amounts,BN_(i), from a plurality of the clients, allocated to the respectivebank; E. generating instructions to transfer funds to or from one ormore of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program tofacilitate transfer of the respective net bank deposit amounts that werecalculated for the allocation; and F. updating, by the one or morecomputers, one or more of the electronic databases with update data foreach of a plurality of the client transaction accounts, with the updatedata for each of the client transaction accounts comprising respectiveclient bank distribution amounts, BN_(i), transferred or to betransferred to the respective client N_(i) banks for the client in theprogram.

In a further embodiment, the operation is disclosed of maintaining therespective client available amounts, D_(i), in the one or moreFDIC-insured and interest-bearing aggregated deposit accounts held inthe plurality of banks, N_(i). determined for the respective clientavailable amounts, D_(i).

In a further embodiment, the operations are disclosed of performing foreach of a plurality of the client transaction accounts when N_(i) is awhole number and (X) times (N_(i)) is less than 100, so that there is aremainder amount, R_(i), the steps: (d) allocating at least a portion,PR_(i), of a remainder amount, R_(i), multiplied by the respectiveclient available deposit amount, D_(i), whereR_(i)=(D_(i))−D_(i)(N_(i)·X)/100, to one or more of the banks, M_(i), upto a predetermined amount in each of the respective one or more clientM_(i) banks; and wherein the calculating step (3) comprises calculating,for each bank of a plurality of the banks in the program, a respectivenet bank deposit amount for allocation to one or more of theFDIC-insured and interest-bearing aggregated deposit accounts held inthe respective bank, the respective net bank deposit amount comprising asum of respective client bank distribution amounts, BN_(i), and/orportions, PR_(i), of remainder amounts, R_(i), from a plurality of theclient transaction accounts, allocated to the respective bank; andwherein the updating step (5) comprises updating one or more of theelectronic databases with update data for each of a plurality of theclient transaction accounts, with the update data for each of the clienttransaction accounts comprising portions, PR_(i), of remainder amounts,transferred or to be transferred to the respective client M_(i) banksfor the client in the program.

In a yet further embodiment, a program product is disclosed for managinga plurality of client transaction accounts associated with a pluralityof respective clients for a plurality of transactions, comprising: atleast one computer-readable media having computer-readable program codeembodied therein or among them if more than one, to be executed by acomputer, for causing one or more computers to perform the method: Aaccessing one or more electronic databases, stored on one or morecomputer-readable media, comprising: (1) aggregated account informationfor a plurality of Federal Deposit Insurance Corporation (FDIC)-insuredand interest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the insured and interest-bearingaggregated deposit accounts holding funds of the client transactionaccount; and B. administering, by the one or more computers, clients'deposits/transfers to and withdrawals/transfers from client transactionaccounts, said administering comprising processing transaction datacomprising transaction data for one or more deposits/transfers for oneor more client transaction accounts and/or transaction data for one ormore withdrawals/transfers from a plurality of said client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer; C. performing the following operations for eachclient transaction account, i, of a plurality of client transactionaccounts: (1) determining a client available deposit amount, D_(i), fromthe respective client's transaction account i, comprising funds to bedistributed over N_(i) respective banks in the program for therespective client; (2) determining, for a client available depositamount D_(i), that is less than an FDIC-insured limit multiplied byN_(i) banks, a value of N_(i) banks for the respective clienttransaction account, wherein N_(i) is a whole number and (X) times(N_(i)) is equal to or less than 100, where X is a distribution percentvalue to be distributed to each of the N_(i) banks; (3) allocating, bythe one or more computers, a respective client bank distribution amount,BN_(i), comprising approximately the percentage, X, multiplied by therespective client available deposit amount, to each of the respectiveN_(i) banks determined for the client, up to a predetermined amount ineach of the respective client N_(i) banks; D. calculating, by the one ormore computers, for each bank of a plurality of the banks in theprogram, a respective net bank deposit amount for allocation to one ormore of the FDIC-insured and interest-bearing aggregated depositaccounts held in the respective bank, the respective net bank depositamount comprising a sum of respective client bank distribution amounts,BN_(i), from a plurality of the clients, allocated to the respectivebank; E. generating instructions to transfer funds to or from one ormore of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program tofacilitate transfer of the respective net bank deposit amounts that werecalculated for the allocation; and F. updating, by the one or morecomputers, one or more of the electronic databases with update data foreach of a plurality of the client transaction accounts, with the updatedata for each of the client transaction accounts comprising respectiveclient bank distribution amounts, BN_(i), transferred or to betransferred to the respective client N_(i) banks for the client in theprogram.

In yet a further embodiment, a computer system is disclosed fordistributing respective client funds associated with a plurality ofrespective clients, said system comprising: A. one or more electronicdatabases, stored on one or more computer-readable media, comprising:(1) aggregated account information for a plurality of Federal DepositInsurance Corporation (FDIC)-insured and interest-bearing aggregateddeposit accounts held in a plurality of banks, N, in a program, whereinfunds of a plurality of clients are aggregated with funds of otherclients in the aggregated deposit accounts held in the banks in theprogram; and (2) client information for each of the respective clientscomprising: (a) a respective total balance to be distributed for therespective client; (b) a respective balance of funds of the respectiveclient held in each of one or more of the insured and interest-bearingaggregated deposit accounts holding funds of the respective client; andB. one or more computers comprising memory wherein the memory storescomputer-readable instructions comprising program code that, whenexecuted, cause the one or more computers to perform the steps: (1)performing the following steps for each client, i, of a plurality ofclients: (a) determining a client available deposit amount, D_(i), forthe respective client i, comprising funds to be distributed over N_(i)respective banks in the program for the respective client; (b)determining, for a client available deposit amount D_(i), that is lessthan an FDIC-insured limit multiplied by N_(i) banks, a value of N_(i)banks for the respective client, wherein N_(i) is a whole number and (X)times (N_(i)) is equal to or less than 100, where X is a distributionpercent value to be distributed to each of the N_(i) banks; (c)allocating, a respective client bank distribution amount, BN_(i),comprising approximately the percentage, X, multiplied by the respectiveclient available deposit amount, to each of the respective N_(i) banksdetermined for the client, up to a predetermined amount in each of therespective client N_(i) banks; (2) calculating, for each bank of aplurality of the banks in the program, a respective net bank depositamount for allocation to one or more of the FDIC-insured andinterest-bearing aggregated deposit accounts held in the respectivebank, the respective net bank deposit amount comprising a sum ofrespective client bank distribution amounts, BN_(i), from a plurality ofthe clients, allocated to the respective bank; (3) generatinginstructions to transfer funds to or from one or more of theFDIC-insured and interest-bearing aggregated deposit accounts in one ormore of the respective banks in the program to facilitate transfer ofthe respective net bank deposit amounts that were calculated for theallocation; and (4) updating one or more of the electronic databaseswith update data for each of a plurality of the clients, i, with theupdate data for each of the clients, i, comprising respective clientbank distribution amounts, BN_(i), transferred or to be transferred tothe respective client N_(i) banks for the client in the program.

In a further embodiment, the memory stores computer-readableinstructions comprising program code that configures the one or morecomputers to perform for each of a plurality of the clients the stepswhen (X) times (N_(i)) is less than 100 so that there is a remainderamount, R_(i): comprising: (d) allocating at least a portion, PR_(i), ofa remainder amount, R_(i), multiplied by the respective client availabledeposit amount, D_(i), where R_(i)=(D_(i))−D_(i)(N_(i)·X)/100, to one ormore of the banks, M_(i), up to a predetermined amount in each of therespective one or more client M_(i) banks; and wherein the calculatingstep (3) comprises calculating, for each bank of a plurality of thebanks in the program, a respective net bank deposit amount forallocation to one or more of the FDIC-insured and interest-bearingaggregated deposit accounts held in the respective bank, the respectivenet bank deposit amount comprising a sum of respective client bankdistribution amounts, BN_(i), and/or portions, PR_(i), of remainderamounts, R_(i), from a plurality of the clients, allocated to therespective bank; and wherein the updating step (5) comprises updatingone or more of the electronic databases with update data for each of aplurality of the clients, with the update data for each of the clientscomprising portions, PR_(i), of remainder amounts, transferred or to betransferred to the respective client M_(i) banks for the client in theprogram.

In a yet further embodiment, a method is disclosed for distributingrespective client funds associated with a plurality of respectiveclients, comprising: A. accessing, by one or more computers, one or moreelectronic databases, stored on one or more computer-readable media,comprising: (1) aggregated account information for a plurality ofFederal Deposit Insurance Corporation (FDIC)-insured andinterest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds of a plurality of clients areaggregated with funds of other clients in the aggregated depositaccounts held in the banks in the program; and (2) client informationfor each of the respective clients comprising: (a) a respective totalbalance to be distributed for the respective client; (b) a respectivebalance of funds of the respective client held in each of one or more ofthe insured and interest-bearing aggregated deposit accounts holdingfunds of the respective client; and B. performing the following stepsfor each client, i, of a plurality of clients: (1) determining a clientavailable deposit amount, D_(i), for the respective client i, comprisingfunds to be distributed over N_(i) respective banks in the program forthe respective client; (2) determining, for a client available depositamount D_(i), that is less than an FDIC-insured limit multiplied byN_(i) banks, a value of N_(i) banks for the respective client, whereinN_(i) is a whole number and (X) times (N_(i)) is equal to or less than100, where X is a distribution percent value to be distributed to eachof the N_(i) banks; (3) allocating, by the one or more computers, arespective client bank distribution amount, BN_(i), comprisingapproximately the percentage, X, multiplied by the respective clientavailable deposit amount, to each of the respective N_(i) banksdetermined for the client, up to a predetermined amount in each of therespective client N_(i) banks; (2) calculating, by the one or morecomputers, for each bank of a plurality of the banks in the program, arespective net bank deposit amount for allocation to one or more of theFDIC-insured and interest-bearing aggregated deposit accounts held inthe respective bank, the respective net bank deposit amount comprising asum of respective client bank distribution amounts, BN_(i), from aplurality of the clients, allocated to the respective bank; (3)generating instructions to transfer funds to or from one or more of theFDIC-insured and interest-bearing aggregated deposit accounts in one ormore of the respective banks in the program to facilitate transfer ofthe respective net bank deposit amounts that were calculated for theallocation; and (4) updating, by the one or more computers, one or moreof the electronic databases with update data for each of a plurality ofthe clients, i, with the update data for each of the clients, i,comprising respective client bank distribution amounts, BN_(i),transferred or to be transferred to the respective client N_(i) banksfor the client in the program.

In a yet further embodiment, the operation is performed of maintainingthe respective client available amounts, D_(i), in the one or moreFDIC-insured and interest-bearing aggregated deposit accounts held inthe plurality of banks, N_(i). determined for the respective clientavailable amounts, D_(i).

In yet a further embodiment, the operation is performed for each of aplurality of the clients when N_(i) is a whole number and (X) times(N_(i)) is less than 100, so that there is a remainder amount, R_(i),comprising the steps: (d) allocating at least a portion, PR_(i), of aremainder amount, R_(i), multiplied by the respective client availabledeposit amount, D_(i), where R_(i)=(D_(i))−D_(i)(N_(i)·X)/100, to one ormore of the banks, M_(i), up to a predetermined amount in each of therespective one or more client M_(i) banks; and wherein the calculatingstep (3) comprises calculating, for each bank of a plurality of thebanks in the program, a respective net bank deposit amount forallocation to one or more of the FDIC-insured and interest-bearingaggregated deposit accounts held in the respective bank, the respectivenet bank deposit amount comprising a sum of respective client bankdistribution amounts, BN_(i), and/or portions, PR_(i), of remainderamounts, R_(i), from a plurality of the clients, allocated to therespective bank; and wherein the updating step (5) comprises updatingone or more of the electronic databases with update data for each of aplurality of the clients, with the update data for each of the clientscomprising portions, PR_(i), of remainder amounts, transferred or to betransferred to the respective client M_(i) banks for the client in theprogram.

In a yet further embodiment, a program product for distributingrespective client funds associated with a plurality of respectiveclients, comprising: at least one computer-readable media havingcomputer-readable program code embodied therein or among them if morethan one, to be executed by a computer, for causing one or morecomputers to perform the method: A. accessing, by one or more computers,one or more electronic databases, stored on one or morecomputer-readable media, comprising: (1) aggregated account informationfor a plurality of Federal Deposit Insurance Corporation (FDIC)-insuredand interest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds of a plurality of clients areaggregated with funds of other clients in the aggregated depositaccounts held in the banks in the program; and (2) client informationfor each of the respective clients comprising: (a) a respective totalbalance to be distributed for the respective client; (b) a respectivebalance of funds of the respective client held in each of one or more ofthe insured and interest-bearing aggregated deposit accounts holdingfunds of the respective client; and B. performing the following stepsfor each client, i, of a plurality of clients: (1) determining a clientavailable deposit amount, D_(i), for the respective client i, comprisingfunds to be distributed over N_(i) respective banks in the program forthe respective client; (2) determining, for a client available depositamount D_(i), that is less than an FDIC-insured limit multiplied byN_(i) banks, a value of N_(i) banks for the respective client, whereinN_(i) is a whole number and (X) times (N_(i)) is equal to or less than100, where X is a distribution percent value to be distributed to eachof the N_(i) banks; (3) allocating, by the one or more computers, arespective client bank distribution amount, BN_(i), comprisingapproximately the percentage, X, multiplied by the respective clientavailable deposit amount, to each of the respective N_(i) banksdetermined for the client, up to a predetermined amount in each of therespective client N_(i) banks; (2) calculating, by the one or morecomputers, for each bank of a plurality of the banks in the program, arespective net bank deposit amount for allocation to one or more of theFDIC-insured and interest-bearing aggregated deposit accounts held inthe respective bank, the respective net bank deposit amount comprising asum of respective client bank distribution amounts, BN_(i), from aplurality of the clients, allocated to the respective bank; (3)generating instructions to transfer funds to or from one or more of theFDIC-insured and interest-bearing aggregated deposit accounts in one ormore of the respective banks in the program to facilitate transfer ofthe respective net bank deposit amounts that were calculated for theallocation; and (4) updating, by the one or more computers, one or moreof the electronic databases with update data for each of a plurality ofthe clients, i, with the update data for each of the clients, i,comprising respective client bank distribution amounts, BN_(i),transferred or to be transferred to the respective client N_(i) banksfor the client in the program.

In another embodiment of the invention, a computer system, method, andprogram product is disclosed for managing a plurality of clienttransaction accounts associated with a plurality of respective clientsfor a plurality of transactions, the system comprising: one or moreelectronic databases, stored on one or more computer-readable media,comprising: (1) aggregated account information for a plurality ofFederal Deposit Insurance Corporation (FDIC)-insured andinterest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the insured and interest-bearingaggregated deposit accounts holding funds of the client transactionaccount; and one or more computers comprising memory wherein the memorystores computer-readable instructions comprising program code that, whenexecuted, cause the one or more computers to perform the steps: (1)administering clients' deposits/transfers to and withdrawals/transfersfrom client transaction accounts, said administering comprisingprocessing transaction data comprising transaction data for one or moredeposits/transfers for one or more client transaction accounts and/ortransaction data for one or more withdrawals/transfers from one or moreof said client transaction accounts, with the transaction datacomprising a respective amount for each respective deposit/transfer andeach respective withdrawal/transfer; (2) performing the following stepsfor each client transaction account, i, of a plurality of clienttransaction accounts: (a) determining a client available deposit amount,D_(i), from the respective client's transaction account, i, comprisingfunds to be distributed over N_(i) respective banks in the program; (b)allocating, for a client available deposit amount, D_(i), that is lessthan an FDIC-insured limit multiplied by N_(i) banks, an amountcomprising a bank distribution amount, B_(i), for the client,approximating D_(i)/N_(i), to each of the N_(i) banks in the program, upto a predetermined amount in each of the respective N_(i) banks; (3)calculating, for each of the N_(i) banks in the program, a respectivenet bank deposit amount for allocation to one or more of theFDIC-insured and interest-bearing aggregated deposit accounts held inthe respective bank, the respective net bank deposit amount comprising asum of respective client bank distribution amounts, B_(i), from aplurality of the clients, allocated to the respective bank; (4)generating instructions to transfer funds to or from one or more of theFDIC-insured and interest-bearing aggregated deposit accounts in one ormore of the respective banks in the program to facilitate transfer ofthe respective net bank deposit amounts that were calculated for theallocation; and (5) updating one or more of the electronic databaseswith update data for each of a plurality of the client transactionaccounts, with the update data for each of the client transactionaccounts comprising respective client bank distribution amounts, B_(i),transferred or to be transferred to the respective N_(i) banks for theclient in the program. In one implementation of this embodiment, theoperation of administering the client deposits/transfers andwithdrawals/transfers to their respective client transaction accounts isnot included, and the information related to the client transactionaccounts, may, but need not be included in the one or more databases.

In another embodiment of the invention, a computer system, method, andproduct is disclosed for managing a plurality of client transactionaccounts associated with a plurality of respective clients for aplurality of transactions, the system comprising: one or more electronicdatabases, stored on one or more computer-readable media, comprising:(1) aggregated account information for a plurality of Federal DepositInsurance Corporation (FDIC)-insured and interest-bearing aggregateddeposit accounts held in a plurality of banks, N, in a program, whereinfunds from client transaction accounts of a plurality of clients areaggregated with funds of other client transaction accounts in theaggregated deposit accounts held in the banks in the program; and (2)client transaction account information for each of the respective clienttransaction accounts comprising: (a) a respective balance in therespective client transaction account; (b) transaction data for therespective client transaction account; and (c) a respective balance offunds from the respective client transaction account held in each of oneor more of the insured and interest-bearing aggregated deposit accountsholding funds of the client transaction account; and one or morecomputers comprising memory wherein the memory stores computer-readableinstructions comprising program code that, when executed, cause the oneor more computers to perform the steps: (1) administering clients'deposits/transfers to and withdrawals/transfers from client transactionaccounts, said administering comprising processing transaction datacomprising transaction data for one or more deposits/transfers for oneor more client transaction accounts and/or transaction data for one ormore withdrawals/transfers from a plurality of said client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer; (2) performing the following steps for each clienttransaction account, i, of a plurality of client transaction accounts:(a) determining a client available deposit amount, D_(i), comprisingfunds to be distributed to a plurality of the banks in the program; (b)determining a respective client first amount, FA_(Ni), from a firstpercentage X of D_(i) to be distributed to a respective given bank in agroup of respective banks N_(i) for the client, wherein the client firstamount, FA_(i), cannot exceed a predetermined amount. This respectivefirst amount, FA_(Ni), could vary from respective bank to respectivebank in this group of banks N_(i) based on one or more criteria selectedby the client and/or the bank and/or a relationship entity. In oneembodiment, this percentage X could be distributed equally across thegroup of banks N_(i) for the client. In this case, the client firstamount, FA_(Ni), would comprise the first percentage X/N_(i), multipliedby the client available deposit amount, D_(i), with this client firstamount, FA_(Ni), to be distributed to each of the client N_(i) banks inthe program; c) determining a respective client second amount, SA_(Mi),from a second percentage Y of D_(i) to be distributed to a respectivegiven bank in a group of respective banks M_(i) for the client, with thesecond percentage, Y, not equal to X. This respective second amount,SA_(Mi), could vary from respective bank to respective bank in thisgroup of banks M_(i) based on one or more criteria selected by theclient and/or the bank and/or a relationship entity. In one embodiment,this percentage Y could be distributed equally across the group of banksM_(i) for the client. In this case, the client second amount, SA_(Mi),would comprise the second percentage Y/M_(i), multiplied by the clientavailable deposit amount, D_(i), with this client second amount,SA_(Mi), to be distributed to each of the client M_(i) banks in theprogram. In one embodiment, the second percentage Y is equal to 100−X,unless the client second amount, SA_(Mi), would exceed a predeterminedamount; (d) calculating a remainder amount, R_(i), if any, comprising[D_(i)]−[(D_(i))(X)+(D_(i))(Y)], across the one or more safety banks;(e) allocating the client first amount, FA_(Ni), to each of therespective client N_(i) banks in the program, and allocating the clientsecond amount, SA_(Mi), to each of the respective client M_(i) banks inthe program, and allocating the remainder amount, R_(i), if any, acrossthe one or more safety banks; (3) calculating, for each respective bankof a plurality of the banks in the program, a respective net bankdeposit amount for allocation to one or more of the FDIC-insured andinterest-bearing aggregated deposit accounts held in the respectivebank, the respective net bank deposit amount comprising a sum ofrespective clients' first amounts, FA_(Ni), allocated to the respectivebank and clients' second amounts, SA_(Mi), allocated to the respectivebank, and any portion of a remainder amount allocated to the respectiveone or more safety banks; (4) generating instructions to transfer fundsto or from one or more of the FDIC-insured and interest-bearingaggregated deposit accounts in one or more of the respective banks inthe program to facilitate transfer of the respective net bank depositamounts that were calculated for the allocation; and (e) updating one ormore of the electronic databases with update data for each of aplurality of the client transaction accounts, with the update data foreach of the client transaction accounts comprising client first amounts,FA_(Ni), allocated to each of the respective client N_(i) banks andclient second amounts, SA_(Mi), allocated to each of the respectiveclient M_(i) banks, and portions of clients' remainder amounts, if any,allocated to the one or more safety banks. In one implementation of thisembodiment, the operation of administering the client deposits/transfersand withdrawals/transfers to their respective client transactionaccounts is not included, and the information related to the clienttransaction accounts, may, but need not be included in the one or moredatabases.

In another embodiment, a computer system, method, and program product isdisclosed for managing a plurality of client transaction accountsassociated with a plurality of respective clients for a plurality oftransactions, said system comprising: one or more electronic databases,stored on one or more computer-readable media, comprising: (1)aggregated account information for a plurality of Federal DepositInsurance Corporation (FDIC)-insured and interest-bearing aggregateddeposit accounts held in a plurality of banks, N, in a program, whereinfunds from client transaction accounts of a plurality of clients areaggregated with funds of other client transaction accounts in theaggregated deposit accounts held in the banks in the program; and (2)client transaction account information for each of the respective clienttransaction accounts comprising: (a) a respective balance in therespective client transaction account; (b) transaction data for therespective client transaction account; and (c) a respective balance offunds from the respective client transaction account held in each of oneor more of the insured and interest-bearing aggregated deposit accountsholding funds of the client transaction account; and one or morecomputers comprising memory wherein the memory stores computer-readableinstructions comprising program code that, when executed, cause the oneor more computers to perform the steps: (1) administering clients'deposits/transfers to and withdrawals/transfers from client transactionaccounts, said administering comprising processing transaction datacomprising transaction data for one or more deposits/transfers for oneor more client transaction accounts and/or transaction data for one ormore withdrawals/transfers from a plurality of said client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer; (2) performing the following steps for each clienttransaction account, i, of a plurality of client transaction accounts:(a) determining a client available deposit amount, D_(i), comprisingfunds to be distributed to a plurality of the banks in the program; (b)determining if the client transaction account meets one or morecriteria, and performing the following steps if it does: (i) calculatinga client first amount, FA_(i), comprising approximately a firstpercentage X, multiplied by the client available deposit amount, D_(i),with this client first amount, FA_(i), to be distributed to each of aclient N_(i) banks in the program, wherein the client first amount,FA_(i), cannot exceed a predetermined amount; (ii) calculating a clientsecond amount, SA_(i), comprising approximately a client secondpercentage, Y, multiplied by the client available deposit amount, D_(i),with this client second amount, SA_(i), to be distributed to one or moreother banks, M_(i), in the program, wherein the client second amount,SA_(i), cannot exceed a predetermined amount, and wherein Y is not equalto X; (iii) allocating the client first amount to each of the clientN_(i) banks in the program, and allocating the client second amount,SA_(i), to each of the client M_(i) banks in the program; (3)calculating, for each respective bank of a plurality of the banks in theprogram, a respective net bank deposit amount for allocation to one ormore of the FDIC-insured and interest-bearing aggregated depositaccounts held in the respective bank, the respective net bank depositamount comprising a sum of respective clients' first amounts, FA_(i),allocated to the respective bank and clients' second amounts, SA_(i),allocated to the respective bank; (4) generating instructions totransfer funds to or from one or more of the FDIC-insured andinterest-bearing aggregated deposit accounts in one or more of therespective banks in the program to facilitate transfer of the respectivenet bank deposit amounts that were calculated for the allocation; and(5) updating one or more of the electronic databases with update datafor each of a plurality of the client transaction accounts, with theupdate data for each of the client transaction accounts comprisingclient first amounts, FA_(i), allocated to each of the client N_(i)banks and client second amounts, SA_(i), allocated to each of the clientM_(i) banks. In one implementation of this embodiment, the operation ofadministering the client deposits/transfers and withdrawals/transfers totheir respective client transaction accounts is not included, and theinformation related to the client transaction accounts, may, but neednot be included in the one or more databases.

In another embodiment of the invention, a computer system, method, andprogram product is disclosed for managing a plurality of clienttransaction accounts associated with a plurality of respective clientsfor a plurality of transactions, the system comprising: one or moreelectronic databases, stored on one or more computer-readable media,comprising: (1) aggregated account information for a plurality ofFederal Deposit Insurance Corporation (FDIC)-insured andinterest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the insured and interest-bearingaggregated deposit accounts holding funds of the client transactionaccount; and one or more computers comprising memory wherein the memorystores computer-readable instructions comprising program code that, whenexecuted, cause the one or more computers to perform the steps: (1)administering clients' deposits/transfers to and withdrawals/transfersfrom client transaction accounts, said administering comprisingprocessing transaction data comprising transaction data for one or moredeposits/transfers for one or more client transaction accounts and/ortransaction data for one or more withdrawals/transfers from a pluralityof said client transaction accounts, with the transaction datacomprising a respective amount for each respective deposit/transfer andeach respective withdrawal/transfer; (2) performing the following stepsfor each client transaction account, i, of a plurality of clienttransaction accounts: (a) determining a client available deposit amount,D_(i), comprising funds to be distributed to one or more of the banks inthe program; (b) determining a bank number tier, T_(i), for the clientavailable deposit amount, D_(i), from among a plurality of tiers basedon one or more criteria, wherein each tier has a number of bankselectronically associated therewith or a function for computingelectronically the number of banks associated therewith, in the one ormore databases; (c) allocating the client available deposit amountacross a number of banks, N_(T), equal to the number associatedelectronically with the tier, T_(i), or determined from the function inthat tier, T_(i), so that a respective client portion, Pi, of the clientavailable deposit amount, D_(i), is allocated to each respective bank inthe number of banks, N_(T), in the client's tier, T_(i); (3)calculating, for each bank of a plurality of the banks in the program, arespective net bank deposit amount for allocation to one or more of theFDIC-insured and interest-bearing aggregated deposit accounts held inthe respective bank, the respective net bank deposit amount comprising asum of respective clients' portions, Pi, allocated to the respectivebank; (4) generating instructions to transfer funds to or from one ormore of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program tofacilitate transfer of the respective net bank deposit amounts that werecalculated for the allocation; and (5) updating one or more of theelectronic databases with update data for each of a plurality of theclient transaction accounts, with the update data for each of the clienttransaction accounts updated comprising client portions, Pi, allocatedto each respective bank in the number of bank, N_(T), for the client. Inone implementation of this embodiment, the operation of administeringthe client deposits/transfers and withdrawals/transfers to theirrespective client transaction accounts is not included, and theinformation related to the client transaction accounts, may, but neednot be included in the one or more databases.

In a further embodiment, the client portions, Pi, allocated to the banksin the client's tier, N_(i), for the client transaction account, areapproximately equal, but do not exceed a predetermined amount, exceptfor one or more safety banks.

In a further embodiment, the one or more criteria comprise that theclient available deposit amount, D_(i), is greater than a minimum amountand less than a maximum amount.

In a further embodiment, the at least one criterion comprises the clientavailable deposit amount, D_(i), is greater than a predetermined amount.

These and other advantages and features of various embodiments of thepresent invention, together with the organization and manner ofoperation thereof, will become apparent from the following detaileddescription when taken in conjunction with the accompanying drawings,wherein like elements have like numerals throughout the several drawingsdescribed below. However, the accompanying drawings of the preferredembodiments of the invention are for explanation and understanding onlyand should not be taken to be limitative to the invention.

BRIEF DESCRIPTION OF THE DRAWINGS

FIG. 1 is schematic block diagram of one embodiment.

FIG. 2 is a schematic block diagram of an electronic system forimplementing one or more of the embodiment of the invention.

FIGS. 3A and 3B are a schematic block diagram of a further embodiment.

FIGS. 4A and 4B are a schematic block diagram of a yet furtherembodiment.

FIGS. 5A and 5B are a schematic block diagram of one embodiment.

FIGS. 6A and 6B are a schematic block diagram of a further embodiment.

FIGS. 7A and 7B are a schematic block diagram of a further embodiment.

FIGS. 8A and 8B are a schematic block diagram of a further embodiment.

FIG. 9 is schematic block diagram of an embodiment of a memoryconfiguration that may be used to implement the present invention.

FIG. 10 is schematic block diagram of one embodiment.

FIG. 11 is schematic block diagram of a further embodiment.

DETAILED DESCRIPTION OF PREFERRED EMBODIMENTS

FIG. 1 discloses an embodiment of the invention, comprising a financialentity, and/or a management system 100 acting as agent for the financialentity, that manages in each of a plurality of program banks, 130-140,one or more aggregated interest-bearing deposit accounts. In oneembodiment, these one or more aggregated interest-bearing depositaccounts are aggregated Federal Deposit Insurance Corporation(FDIC)-insured, interest-bearing deposit accounts. Other embodiments forthese deposit accounts are discussed below.

The financial entity or management system 100 receives various clienttransaction account files. Such client transaction files may comprisethe deposit and withdrawal activity information for direct retailclients. Additionally, such client transaction files may comprise clienttransaction “sweep” files comprised of client deposits and withdrawals,which may comprise transactions initiated via ACH, wire, credit card,debit card, check, and/or other methods of money movement. The system100 aggregates these deposit transactions and withdrawal transactionsreceived over a sub-period of time, e.g., one or more hours or a day,for example, of a period, e.g., a month, or one or more specific timesof day, for example. If the aggregated deposits of all or a select groupof client transaction accounts for that financial entity exceed theaggregated client withdrawals (a net client credit) during this periodof time, then all or some of the funds may be deposited in theaggregated deposit accounts in the one or more program banks.Conversely, if client withdrawals for all or a select group of clienttransaction accounts of that financial entity or program exceed clientdeposits (a net client debit) during this period of time, then one ormore of the program banks may be instructed electronically, or bymessenger, or other convenient or appropriate method, as describedbelow, to withdraw funds from the one or more aggregated depositaccounts, for subsequent satisfaction of the net withdrawal. Themanagement system 100 generates instructions to initiate transfers ofthese funds to or from the different program banks 130-140. Thetransfers may be based on various electronically implemented rules.

Note that the system 100 may receive the client transaction files from avariety of different sources. For example, client transaction files maybe received from non-bank agents, lock-box companies or otherthird-party intermediaries. Alternatively, client transaction files maybe received from a given relationship bank or other relationshipfinancial entity that can hold funds. A relationship bank of otherfinancial entity comprises a bank or other financial entity that holdsthe client transaction account in the name of and for the benefit of therespective client. For example, the client may have opened a clienttransaction account with the bank or other financial entity, and maymake deposits at a branch office of the bank or other financial entity.The relationship bank or other financial entity may designate that aprescribed amount from, or a prescribed percentage of, a respectivebalance from each of one or more of the client transaction accounts, beheld in the relationship bank or other financial entity, and nottransferred to the program banks 130-140. Note that all references to“percentage” herein mean a fraction with 100 as the denominator.Alternatively, the relationship bank or other financial entity maydesignate a prescribed algorithm to apply to the balance in the clienttransaction account, or may designate a set of computer based rules tobe applied to the client transaction account based on one or morecriteria, to determine the client available deposit amount, D_(i) to beretained.

Thus, the amount to be retained from the client transaction account orthe percentage of the client transaction account balance may be set byone or more computer-implemented rules based on one or more criteria,such as the balance in the client transaction account compared to one ormore thresholds. Alternatively, the amount or percentage to be retainedmay be fixed across a plurality of the client transaction accounts. Theamount to be retained by the relationship bank or other relationshipfinancial entity can be as much or as little as desired. The amount tobe retained may be, but need not be set in relation to an FDIC insurancelimit. The amount to be retained may be substantially more than the FDICinsurance limit, or it may be an amount needed to satisfy day-to-daytransactions based on historical transaction data for the respectiveclient transaction account, or based on a generic average generated fromhistorical transaction data from a plurality of client transactionaccounts.

After the amount to be retained is obtained or calculated, the system100 may determine the client available deposit amount, D_(i), from arespective client's transaction account, i, to be distributed over N_(i)respective program banks, by first subtracting out this amount that isto be retained by the relationship bank or other relationship financialentity and not transferred to the program banks. Alternatively, thisamount or percentage may be subtracted out from the client transactionfiles before they are sent to the system 100 for processing.

The amount or percentage to be retained by the relationship bank orother relationship financial entity may be held in one or moredesignated accounts at the relationship bank or other relationshipfinancial entity. These one or more accounts may include one or moreaggregated accounts to be discussed below.

FIG. 10 illustrates one embodiment of a system consistent with thepresent invention. The individual clients are represented in the figureby the small blocks Ci. The respective clients, Ci, may compriseindividual investors and/or institutional investors. One or more banks,and/or broker dealers, and/or other financial entities, FE 1, FE 2, FE3, and FE m, represented in block 1010, maintain a relationship withthese clients and maintain client transaction accounts, i, for theseclients. The management system 100 and its one or more computers arerepresented in FIG. 10 by block 1020. The management system computers1020 are configured with a deposit computer program, and an accountingcomputer program that maintains information on the client transactionaccounts and the program banks, and the movement of funds, in one ormore databases. In one embodiment, this accounting program providesindividual investor accounting functions, sweep functions, sweepprocessing and billing. The management system 1020 further comprises oneor more web application programs. The management system 1020 furthercomprises, in one embodiment, one or more computer programs forprocessing and generating combined statements, including monthly, yearend and tax statements, broker dealer or other financial entityadministrative functions, bank reconciliation processing, and clientinquiry processing. The management system 1020 further comprises, in oneembodiment, a modeling program, for predicting a program bank capacityfor receiving funds based on one or more criteria. Other computerprograms run by the management system are referenced in FIG. 9, to bediscussed below.

FIG. 10 further represents the one customer bank or intermediary bank1110 that holds one or more control operating accounts. Also shown are aplurality of program banks 1, 2, 3 . . . n. In one embodiment, depositsto and withdrawals from the client transaction accounts i maintained bythe relationship banks or relationship broker dealers or otherrelationship financial entities 1010, are netted and transferred into orwithdrawn from the one or more control operating accounts maintained inthe customer or intermediary bank 1110. There may be an operationincluded of subtracting out an amount to be retained in or processed forone or more accounts held in the respective relationship banks or otherrelationship financial entities. The computers of the system 1020 thenallocate funds to one or more of the program banks and send instructionsto have the funds transferred to or withdrawn from the one or moreprogram banks. The arrowed lines 1040 and 1045 represent the movement offunds to and from the various entities shown in the figure. The arrowedlines 1050 represent a transmission of information on the movement ofthe funds, including the amount transferred, the timing of the movement,and the interest rate.

Referring again to FIG. 1. in one embodiment, the net transfer to orfrom one or more of the program banks may be from one or more controloperating accounts 110 held in the financial entity having the clientrelationship, e.g., a financial entity that is a bank. In anotherembodiment, the one or more control operating accounts for the transfercould be held in a bank controlled by or associated in some manner withthe administrator of the system. In another embodiment, the one or morecontrol operating accounts may be held in or on behalf of a depositinterchange entity that operates to distribute deposits across multiplebanks.

In one embodiment, one of the program banks could be the same bank thatmaintains a relationship with the clients. Alternatively, one or more ofthe program banks may be affiliated with the bank or other financialentity maintaining the relationship with the clients. Alternatively,none of the program banks may be affiliated with a bank or otherfinancial entity maintaining the relationship with the clients.Alternatively, one or more of the program banks may be an affiliatedbank and one or more of the program banks may be non-affiliated, withrespect to the bank or other financial entity maintaining therelationship with the clients. Alternatively, none of the program banksmay be affiliated with a bank or other financial entity maintaining therelationship with the clients.

In one embodiment the aggregated deposit accounts in which the managedbalances for clients are deposited are simply interest-bearing,aggregated accounts. In another embodiment, the aggregated depositaccounts in which the managed balances for clients are deposited areinterest-bearing, FDIC-insured aggregated accounts, such as MMDAs.Alternatively, the aggregated deposit accounts may be aggregated DDAs,such as a NOW account, that permits an unlimited number of deposits andwithdrawals. Alternatively, the aggregated deposit accounts may be othertypes of investment vehicles, such as by way of example, a money marketfund. In an embodiment, an MMDA is paired with an aggregated DDA, bothaccounts being in the identical name of the financial entity, or itsagent. This paired set of accounts is referred to herein as an “MMDA-DDApair.” The DDA's serve to facilitate the exchange of funds between theMMDAs, the financial entities, and sources of client transactions.

The transfer of funds into one or more of the aggregated accounts may beaccomplished in a variety of different manners, using a variety ofdifferent transfer algorithms or methods. For example, theadministrator, or a relationship entity that maintains a relationshipwith the individual client may set up rules for automatic transfer, orthe transfers may be ad hoc, or based on a specific amount to specifiedpayor or other variable. In one embodiment, if the financial entity orthe management system 100 determines that it is necessary to withdrawand/or transfer funds from a particular MMDA at a particular programbank, it may first generate an instruction for the withdrawal and causethat instruction to be sent by messenger, mail, telephone (via checkmailed to the depositor), automated teller machine, or in person, to theprogram bank. See Regulation D. Other methods may also be used where thetransfer is by wire or ACH, to name a few. However, the use of suchmethods would be subject to the restrictions imposed by Regulation D. Inone implementation of this embodiment, funds could be transferred fromthe MMDA to the DDA member of the MMDA-DDA pair, and then, the funds inthe DDA could be moved to the financial entity's or its agent's ownaccount or accounts, by, for example, a sweep operation. Alternatively,in some embodiments the instructions for withdrawal may be sent by wire.In some embodiments the funds may be moved to a control operatingaccount at an intermediary bank, prior to moving the funds to thefinancial entity's own account. The control operating account 110 may beregistered in the name of the agent for the exclusive benefits of itsdeposit customers. The control operating account in one embodiment, may,but need not be, be zeroed, e.g., all of the funds therein transferredout at one or more specific times of day, or periodically, such as everyhour, every few hours, every day, of every few days, or may be zeroedafter the amount held therein reaches or exceeds a threshold amount.Funds from this account may be further transferred to a third party,such as a transaction source or a customer financial entity (preferablyby electronic or other automatic means). A database is updated toreflect these funds transfers. Alternatively, if funds are to bedeposited and/or transferred into a particular MMDA, the agent eithermay have the funds deposited into the associated DDA and then moved intothe MMDA for the program, or may have the funds deposited directly intothe MMDA.

In some embodiments, an MMDA-DDA pair may be used, where a balance offunds are maintained in the DDA part of the pair so as to minimize thenumber of withdrawals that may be necessary from the MMDA during areporting cycle.

In some embodiments, in order to avoid a withdrawal limit imposed byregulation on interest-bearing deposit accounts, a program rule may beimplemented to monitor the number of withdrawals from theinterest-bearing deposit account, and when it reaches a predeterminedwithdrawal limit, e.g., one less than the regulation withdrawal limitfor a period, such as 5 withdrawals, then a final withdrawal of all or alarge portion of the funds may be made, and the funds transferred to adifferent account at a different bank, that has not reached thispredetermined withdrawal limit. Alternatively, the funds could betransferred for the remainder of the reporting cycle to a DDA or otheraccount in the same banking institution which does not have a limit onthe number of withdrawals available.

While in a preferred embodiment, a separate account or set of accounts,e.g., money market deposit account (MMDA) and demand deposit account(DDA), may be set up by the administrator computers for each programwith each different financial entity (e.g., broker dealer) in each ofthe program banks, under certain embodiments of the present invention,funds from different programs of the same financial entity or differentfinancial entities can be commingled and aggregated. Thus, in oneembodiment, each broker dealer (an example of a financial entity) canestablish a separate program with the administrator computers toallocate funds from its respective client accounts into separateaggregated accounts designated for that broker dealer in a plurality ofprogram banks. In another embodiment, the funds from client transactionaccounts of a plurality of broker dealers can be aggregated into thesame set of aggregated accounts in the plurality of program banks. Thus,the administrator computer does not have to set up a separate moneymarket deposit account (MMDA) and associated demand deposit account(DDA) for each program with each financial entity at the program bank,e.g., the same MMDA and/or DDA can be used across several programs ifregistered, in the name of and offered by the same financial entity.Accordingly, a single MMDA or other type of account can be set up ateach program bank, or multiple MMDA aggregated accounts can be set up ateach program bank. Additionally, embodiments of the system may be set upwithout DDA accounts. Alternatively, where the customer may be limitedto certain types of entities, the DDA could be a NOW account, or the NOWaccount could be used in place of one or more of the MMDAs. In eitherinstance, the NOW account would be an aggregated account holding fundsof a plurality of clients.

In some embodiments, a management system 100 may maintain accountinformation for each of the financial entities and others in a databasewithin its own system, or have such a database maintained for its use bya third party. The management system 100 may report balances and otherdata with respect to the client transaction accounts and amountsdistributed to the aggregated deposit accounts periodically to theprogram banks, and/or originating bank that maintains the clientrelationship, or broker dealers or other financial entities, or theclients themselves.

In one embodiment, a process is disclosed that incorporates sweeppurchases and redemptions, in addition to retail transactions or othertransfers, into the respective client transaction accounts of thefinancial entity. A bank allocation process then operates electronicallyto assign fund amounts to the program banks based on various rules, suchas fitting within maximum bank caps, and/or minimum bank caps.

In one or more embodiments to be discussed below, an allocationoperation is described for a given client available deposit amount,D_(i), that is to be deposited to one or more aggregated,interest-bearing deposit accounts in the program banks. This clientavailable deposit amount, D_(i), may be determined based on a variety ofdifferent algorithms. For example, as noted above, the relationship bankor other financial entity may designate that a prescribed amount from,or a prescribed percentage of, a respective balance from each of one ormore of the client transaction accounts, be held in the relationshipbank or other financial entity, and not transferred out, or transferredto another investment category, such as a mutual fund accounts, an ETFaccount, an automatic stock purchase account, to name a few. The system100 may determine a client available deposit amount, D_(i), from arespective client's transaction account, i, to be distributed over N_(i)respective program banks, by first subtracting out this amount orpercentage of the balance of the client transaction account that is tobe retained by the relationship bank or other relationship financialentity and not transferred to the program banks. Alternatively, thisamount or percentage may be subtracted out from the client transactionfiles before they are sent to the system 100 for processing.

The amount to be retained from the client transaction account or thepercentage of the client transaction account balance may be set be setby one or more computer-implemented rules based on one or more criteria,such as the balance in the client transaction account relative to athreshold. Alternatively, the amount or percentage to be retained may befixed across a plurality of the client transaction accounts. The amountto be retained by the relationship bank or other relationship financialentity can be as much or as little as desired. The amount to be retainedmay be, but need not be set in relation to an FDIC insurance limit. Theamount to be retained may be substantially more than the FDIC insurancelimit, or it may be an amount needed to satisfy day-to-day transactionsbased on historical transaction data for the respective clienttransaction account, or a generic average generated from historicaltransaction data from a plurality of client transaction accounts.Alternately, or in addition, the client available deposit amount, D_(i),may be determined and transferred ad hoc, by the client, theadministrator, or the relationship entity. By way of example, agraphical user interface (GUI) may be made available to the respectiveclient to initiate the transfer of the client available deposit amount,D_(i). The GUI may be presented to the client or accessed via a Web linkor an email, or via an online portal in an Internet banking application,or other electronic methods.

The inventions relates to a plurality of embodiments for distributingportions below an FDIC insurance limit of the client available depositamounts, D_(i), based on one or more parameters selected by therespective client, the administrator, or automatically, based on one ormore criteria. Examples of the parameters are the number of banks todeposit portions therein, and/or a percentage of the client availabledeposit amount, D_(i), to be deposited in either a set number of banks,or a number of banks selected based on one or more parameters.

In one embodiment, a selection option for the one or more parameters isprovided to the client, if one or more criteria are met. The one or morecriteria may comprise, an amount in a given client account, a compositeamount held in a plurality of different accounts associated with theclient, a number of the years the client has maintained a givenrelationship, to name a few. In one embodiment, a selection option forthe one or more parameters may be provided to the client, if the one ormore criteria are met. For example, a selection option may be presentedto the client electronically, for example, through an online portal inan Internet banking client application, or via an email communication,which, in one embodiment, may include a Web link. The Web link, ifclicked, opens an interface that allows the client to select a number ofbanks for the deposit of the portions, or a percentage of the clientavailable deposit amounts, D_(i), to be deposited in each of a pluralityof the program banks, or both. In one embodiment, the program banks mayinclude a relationship bank that holds the relationship and atransaction account with the client. In one embodiment, the distributionof the portions of the client available deposit amounts, D_(i), is intoaggregated accounts held in the program banks. In another embodiment,the distribution is to individual accounts in the respective programbanks.

After the client available deposit amount, D_(i), has been determined,then in one embodiment, an allocation may be made of some amount, forexample, a given percentage X, or a set amount, to each of N_(i) programbanks, where N_(i) is a subset of the N program banks, with the subsetdetermined based on the available deposit amount, D_(i), and theallocation percentage. Then an allocation may be made of a remainderamount, across each of M_(i) banks (a subset of the program banks N),with the number of remainder banks determined for the given clienttransaction account, in one embodiment, based on the remainder amountfor the given client transaction account. A recalculation andreallocating of these amounts may be made on a periodic basis, to takeinto account client transaction account deposits and withdrawals. Afurther embodiment distributes a client available deposit amount, D_(i),based on tiers, selected based on one or more criteria, such as abalance in the client transaction account relative to a threshold, or anoverall relationship with the client, the client's family or friends, abroker-dealer or bank relationship, to name a few.

In one or more embodiments, the invention may be implemented inconjunction with managing a plurality of client transaction accounts,and depositing and/or withdrawing from one or more accounts in theprogram banks in order to satisfy the deposit and/or withdrawal activityin the respective client transaction account. The accounts in theprogram may or may not be aggregated accounts.

In another embodiment, the system only receives or obtains or calculatesthe client available deposit amounts, D_(i), and then functions to makedeposits and withdrawals to and/or from the program banks based on theparameters (e.g., number of banks, and/or percentages) determined orselected for this respective client. As noted, the client availabledeposit amounts, D_(i), can be determined automatically, or can bedetermined Ad Hoc, by the respective client, the administrator, orrelationship entity.

FIGS. 3A and 3B disclose an embodiment, referred to as Option 1,comprising a computer-implemented method, computer configuration andprogram product, for managing a plurality of client transaction accountsassociated with a plurality of respective clients in the context of aplurality of transactions to allocate a given percentage of clientassets across group of banks in a given program, with the number ofbanks, N_(i), for the distribution varying based on the percentage X,e.g., for 20%, the number of banks would be 100/20=5. Such an allocationis illustrated in Table I below, as Option 1. The funds to be allocatedmay be received via one or more interfaces with clients and financialentities. For example, an electronic interface may be set up to receivefunds from clients, and/or broker dealers or other financial entities,and/or banks, and/or Internet banks, to name a few. Note that in oneembodiment, designated amounts allocated to the banks N_(i) may varybased on one or more criteria set by the client and/or the bank and/orthe relationship entity.

TABLE I Account Balance 100,000 100,000 1,600,000 Option 1, Option 1,Option 1, Bank Scenario 1 Scenario 2 Scenario 3 1  $20,000  $18,000  $180,000 2  $20,000  $18,000   $180,000 3  $20,000  $18,000   $180,0004  $20,000  $18,000   $180,000 5  $20,000  $18,000   $180,000 6     0 $10,000   $100,000 7     0     0 8     0     0      0 9     0     0     0 10     0     0      0 Total $100,000 $100,000 $1,000,000

In this embodiment, one or more computers may be configured, for examplewith computer program code loaded in main memory, or via hard-wiring, toimplement the allocation. The one or more computers may be configured toprovide that the amount allocated will not exceed a predetermined valuebased on an account type insurance limit, and/or will not exceed a limitfor the bank determined, for example, by collateral held by the bank orother safety measure or criteria, with the exception of amountsallocated to safety banks or holdback banks. The amount allocated may besubstantially the same across all of the banks in the program, or may bevaried, in some embodiments, based on computer-implemented rules appliedfor the allocation. Note that different computer-implemented rules maybe applied depending on whether the client is a regular individual, ahigh net worth individual, a corporation, a partnership, or other entitytype, or a transaction account balance, or other variables dependingupon the program.

In more detail, FIGS. 3A and 3B disclose a computer-implementedoperation 300 of accessing, by one or more computers, one or moreelectronic databases, stored on one or more computer-readable media. Inthis embodiment, the one or more electronic databases comprise: (1)aggregated account information for a plurality of Federal DepositInsurance Corporation (FDIC)-insured and interest-bearing aggregateddeposit accounts held in a plurality of banks, N, in a program, whereinfunds from client transaction accounts of a plurality of clients areaggregated with funds of other client transaction accounts in theaggregated deposit accounts held in the banks in the program; and (2)client transaction account information for each of the respective clienttransaction accounts comprising: (a) a respective balance in therespective client transaction account; (b) transaction data for therespective client transaction account; and (c) a respective balance offunds from the respective client transaction account held in each of oneor more of the plurality of the insured and interest-bearing aggregateddeposit accounts holding funds of the respective client transactionaccount. These one or more databases may, in some embodiments, furthercomprise financial information such as, the total funds being managedfor that client (namely, the sum of balances in a plurality or all ofthe client's accounts and/or balances in the accounts of the client'sfamily or friends.). The client records also preferably storeinformation representing basic client identifications, such as name,address, social security number, information representing a financialentity association, such as a client account number at the financialentity, client characteristics at the financial entity important tomanagement, and the like, and additional client related information.Additionally, the client records in the one or more databases may alsostore information on the relationship bank or relationship broker dealeror other relationship financial entity.

Block 310 represents the computer-implemented operation ofadministering, by the one of more computers, clients' deposits/transfersto and withdrawals/transfers from each of the client transactionaccounts, i. In one embodiment, the administering comprises processingtransaction data for one or more deposits/transfers for one or moreclient transaction accounts and/or transaction data for one or morewithdrawals/transfers from one or more of the client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer. For example, there may be 1000's of clienttransaction accounts, and a given client transaction account, i, may beaccount 59 in these 1000's of accounts. Note that deposits/transfersmeans deposits and/or transfers to the client transaction accounts, andwithdrawals/transfers means withdrawals and/or transfers from the clienttransaction accounts.

Block 320 in FIG. 3 represents the computer-implemented step ofperforming, by the one or more computers, the following operations, 322,324, and 326, for each of a plurality of client transaction accounts i.Note that the phrase “each of a plurality” means that it could be two ormore client transaction accounts:

(a) As shown in block 322, determining, by the one or more computers, aclient available deposit amount, D_(i), from the respective client'stransaction account i, comprising funds to be distributed over N_(i)respective banks in the program for the respective client transactionaccount, i. This amount, D_(i), may be all of the funds in therespective client transaction account, or only some of the funds in therespective client transaction account. In one embodiment, the amount,D_(i), may be determined by one or more rules, such as maintaining abalance in the respective client transaction account based on recent orhistoric activity in the client transaction account. A further criterionthat may be applied in some embodiments where this method is to beapplied, is that the a client available deposit amount, D_(i), fordistribution must be less than an FDIC-insured limit multiplied by N_(i)banks for the respective client transaction account.

(b) As shown in block 324, determining, by the one or more computers, avalue of N_(i), for the respective client transaction account, for aclient available deposit amount, D_(i), that is less than a programamount, e.g., less than an FDIC-insured limit multiplied by N_(i) banks,wherein the number N_(i) represents the number of banks for therespective client transaction account, wherein N_(i) is a whole numberand (X) times (N_(i)) is equal to or less than 100, where X is adistribution percent value to be distributed to each of the N_(i) banks.Alternatively, the number of banks N_(i) is a whole number which isequal to or greater than 100/X, where X is a distribution percent valueto be distributed to each of the N_(i) banks for the respective clienttransaction account i. Note that this operation may be subject to one ormore criteria, such as that the respective client available depositamount, D_(i), equals or exceeds a threshold value, and/or that a logicelement is set, based on a particular relationship between the financialentity and the client, to name a few. Table I below illustrates anexample of this determination. As noted, in one embodiment, designatedamounts allocated to the banks N_(i) may vary based on one or morecriteria set by the client and/or the bank and/or the relationshipentity rather than being approximately equal.

(c) As shown in block 326, allocating, by the one or more computers, arespective client bank distribution amount, BN_(i), comprising thedistribution percent value, X, of the respective client availabledeposit amount, D_(i), to each of the respective N_(i) banks determinedfor the client, up to a predetermined amount in each of the respectiveclient N_(i) banks.

As noted above, Table I discloses an example allocation for thisembodiment where X equals 20% of D_(i), to be deposited in each of N_(i)program banks, where N_(i) is determined to be 100/20=5 banks in theprogram. Note that the predetermined amount may be the FDIC insurancelimit, or some lesser amount, for example.

In one embodiment, these computer-implemented operations of 320 maycycle through a plurality of the client transaction accounts, performingthe operations of 322, 324 and 326, for each of these client transactionaccounts.

Block 330 comprises the computer-implemented operation of calculating,by the one or more computers, for each bank, N_(i), of a plurality ofthe banks N, 130-140, in the program, a respective net bank depositamount for allocation to one or more of the FDIC-insured andinterest-bearing aggregated deposit accounts held in the respectivebank. The respective net bank deposit amount comprises a sum ofrespective client bank distribution amounts, BN_(i), from a plurality ofthe client transaction accounts, allocated to the respective bank, asdetermined in operation 322, 324, and 326.

Block 340 comprises the computer-implemented operation of generatinginstructions, by the one or more computers, to transfer funds to or fromone or more of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program tofacilitate transfer of the respective net bank deposit amounts that werecalculated for the allocation. In one embodiment, this transfer maycomprise simply transferring the net amount received for a given periodof time or netted based on some other parameter. In another embodiments,the instruction may reallocate all of the already deposited funds invarious program banks to cause, for each of a plurality of the banks inthe program, a respective balance of funds in the respective programbank held in the one or more FDIC-insured and interest-bearingaggregated deposit accounts to equal the respective net bank depositamount calculated for the respective program bank. The instructionsgenerated may instruct for a transfer in accordance with one or more ofthe methods disclosed herein.

Block 350 comprises the computer-implemented operation of updating, bythe one or more computers, one or more of the electronic databases 260with update data for each of a plurality of the client transactionaccounts, with the update data for each of the client transactionaccounts comprising respective client bank distribution amounts, BN_(i),transferred or to be transferred to the respective client N_(i) banksfor the client in the program.

This process may be particularly useful to spread the risk of bankfailure over multiple banks for clients whose funds with the financialentity are less than a total available insurance limit for the program.

Note that one technical feature that may be applied to all of theembodiments of the invention, the one or more databases may comprise:information for each respective one of a plurality of the clienttransaction accounts about a respective relationship bank or otherrespective relationship financial entity that originated or maintainsthe respective client transaction account, and that can hold funds, anda respective amount or method of determining the respective amount, tobe retained in the respective relationship bank or respectiverelationship financial entity for the respective client transactionaccount; and the operation of determining a client available depositamount, D_(i), from the respective client's transaction account, i,comprises the one or more computers configured for: obtaining therespective amount to be retained; and subtracting the respective amountto be retained from the balance in the client transaction account.

In a variation to this embodiment, referred to as Scenario 2 of Option1, a computer-implemented method is disclosed for allocating apercentage, X, across less than all the banks in the program, e.g., 18%across 5 banks in a program with 10 banks, and allocating a remainderpercentage, R_(i), e.g., 10%, in or across one or more remainder banks,e.g., in a 6^(th) bank. In this example, the remainder bank (e.g., the6^(th) bank) may be used to settle service transactions, such as debits,deposits, and transfers. This design, illustrated in Table I, as Option1, Scenario 2, may be used to minimize activity in the first group ofbanks, e.g., banks 1 through 5 in this example.

A Scenario 3 is also shown in Table I, and represents the situation foran individual with a large account balance, e.g., $1,00,000, in his/herrespective client transaction account. In this situation, thepercentage, X, e.g., 18% again across 5 banks in a program with 10banks, and allocating a remainder percentage, R_(i), e.g., 10%, in oracross one or more remainder banks, e.g., in a 6^(th) bank.

It is within the letter and spirit of the present invention that thenumber of banks and percentages to be allocated may be varied.

FIGS. 4A and 4B disclose one implementation for the second scenarioshown in Table I, e.g., allocating a percentage, X, across a group ofthe banks in the program, e.g., 18% across 5 banks in a program with 10banks, and allocating a remainder percentage, R_(i), e.g., 10%, in oracross one or more remainder banks, e.g., in a 6^(th) bank. Oneembodiment of this second scenario comprises a computer-implementedmethod for managing a plurality of client transaction accountsassociated with a plurality of respective clients for a plurality oftransactions. Block 400 comprises accessing, by one or more computers,one or more electronic databases, stored on one or morecomputer-readable media. The information stored in the one or moredatabases comprises: (1) aggregated account information for a pluralityof Federal Deposit Insurance Corporation (FDIC)-insured andinterest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the plurality of the insured andinterest-bearing aggregated deposit accounts holding funds of therespective client transaction account.

Block 410 comprises the computer-implemented operation of (1)administering clients' deposits/transfers to and withdrawals/transfersfrom each of the client transaction accounts, the administeringcomprising, in one embodiment, processing, by the one or more computers,transaction data comprising transaction data for one or moredeposits/transfers for one or more client transaction accounts and/ortransaction data for one or more withdrawals/transfers from one or moreof the client transaction accounts, with the transaction data comprisinga respective amount for each respective deposit/transfer and eachrespective withdrawal/transfer.

Block 420 comprises the computer-implemented operation of performing thefollowing operations: 422, 424, 426, and 428, for each of a plurality ofthe client transaction accounts i:

(a) Determining, by the one or more computers, as represented by block422, a client available deposit amount, D_(i), from the respectiveclient's transaction account, i, comprising funds to be distributed overN_(i) respective banks in the program and over N_(i) respective banks inthe program, and over M_(i) remainder banks for the client. Variouscomputer-implemented rules may be used to determine D_(i), as describedpreviously, such as imposing a criterion to hold a certain amount orpercentage of the client transaction account funds in the relationshipfinancial entity.

(b) Determining, by the one or more computers, as represented by block424, a value of N_(i) banks for the respective client transactionaccount, based on a client available deposit amount, D_(i), that is lessthan a program amount, e.g., less than an FDIC-insured limit multipliedby N_(i) banks, wherein N_(i) is a whole number and (X) times (N_(i)) isless than 100, where X is a distribution percent value to be distributedto each of the N_(i) banks for the respective client transactionaccount. Note that this operation may be subject to one or morecriteria, such as that the respective client available deposit amount,D_(i), equals or exceeds a threshold value, and/or that a logic elementis set, based on a particular relationship between the financial entityand the client, to name a few.

(c) Allocating, by the one or more computers, as represented by block426, the percentage, X, of the respective client available depositamount, D_(i), comprising a respective client bank distribution amount,BN_(i), to each of the respective N_(i) banks determined for the clienttransaction account, up to a predetermined amount in each of therespective client N_(i) banks. Note that the predetermined amount may bethe FDIC insurance limit, or some lesser amount, for example.

(d) Allocating, by the one or more computers, as represented by block428, at least a portion, PR_(i), of a remainder amount, R_(i), of therespective client available deposit amount, D_(i), whereR_(i)=(D_(i))−(D_(i)(N_(i)·X)/100), to one or more of the banks, M_(i),up to a predetermined amount in each of the respective client M_(i)banks, where M_(i), is one or more banks. For the example shown in TableI, this equation would mean that R_(i) would be equal to the amount(D_(i)) of $100,000 minus the quantity of $100,000 times the number ofbanks N_(i), which is 5 in this case, in which client transactionaccount deposits are allocated, times the percentage of 18%, divided by100, which results in $100,000-$100,000 (5×18)/100=$10,000.

Block 430 comprises the computer-implemented operation of calculating,by the one or more computers, for each bank of a plurality of the banksin the program, a respective net bank deposit amount for allocation toone or more of the FDIC-insured and interest-bearing aggregated depositaccounts held in the respective bank, the respective net bank depositamount comprising a sum of respective client bank distribution amounts,BN_(i), and/or portions, PR_(i), of remainder amounts, from a pluralityof the client transaction accounts, allocated to the respective bank.

Block 440 comprises the computer-implemented operation of generatinginstructions, by the one or more computers, to transfer funds to or fromone or more of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program tofacilitate transfer of the respective net bank deposit amounts that werecalculated for the allocation. In one embodiment, this transfer maycomprise simply transferring the net amount received for a given periodof time or netted based on some other parameter. In another embodiments,the instruction may reallocate all of the already deposited funds invarious program banks to cause, for each of a plurality of the banks inthe program, a respective balance of funds in the respective programbank held in the one or more FDIC-insured and interest-bearingaggregated deposit accounts therein to approximately equal therespective net bank deposit amount calculated for the respective programbank.

Block 450 comprises the computer-implemented operation of updating, bythe one or more computers, one or more of the electronic databases 260with update data for each of a plurality of the client transactionaccounts, with the update data for each of the client transactionaccounts comprising respective client bank distribution amounts, BN_(i),and portions of remainder amounts, PR_(i), transferred or to betransferred to the respective client N_(i) banks and respective clientM_(i) banks for the client in the program.

In another embodiment of the invention, referred to as Option 2, asystem, program product, and computer-implemented method are disclosedto approximately evenly allocate total client available deposit amounts,D_(i) across a fixed number of banks in a program, by taking therespective client's available deposit amounts, D_(i) and dividing by thefixed number of program banks. In this embodiment, one or more computersmay be configured, for example with computer program code loaded in mainmemory, or via hard-wiring, to implement the allocation. The one or morecomputers may be configured to provide that the amount allocated to abank will not exceed the account type insurance limit (currently$250,000) and/or will not override a bank capacity—with an exceptionbeing an allocation to one or more safety banks. Option 2, Scenario 1,is illustrated in Table II, for a client's transaction account balanceof $100,000, to be distributed approximately evenly across 10 banks in aprogram, e.g., $100,000/10 (number of banks)=$10,000 per bank.

TABLE II Amount for Deposit 100,000 3,000,000 Option 2, Option 2, BankScenario 1 Scenario 2 1  $10,000   $700,000 2  $10,000   $180,000 3 $10,000   $180,000 4  $10,000   $180,000 5  $10,000   $180,000 6 $10,000   $180,000 7  $10,000   $180,000 8  $10,000   $180,000 9 $10,000   $180,000 10  $10,000   $180,000 Total $100,000 $2,320,000

FIGS. 5A and 5B disclose one implementation for this embodiment,comprising a computer-implemented method for managing a plurality ofclient transaction accounts associated with a plurality of respectiveclients for a plurality of transactions. This method embodimentcomprises a computer-implemented operation 500 of accessing, by one ormore computers, one or more electronic databases, stored on one or morecomputer-readable media. In this embodiment, the one or more electronicdatabases comprise: (1) aggregated account information for a pluralityof Federal Deposit Insurance Corporation (FDIC)-insured andinterest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the plurality of the insured andinterest-bearing aggregated deposit accounts holding funds of therespective client transaction account.

Block 510 represents the computer-implemented operation of (1)administering clients' deposits/transfers to and withdrawals/transfersfrom each of the client transaction accounts, the administeringcomprising processing, by the one or more computers, transaction datacomprising transaction data for one or more deposits/transfers for oneor more client transaction accounts and/or transaction data for one ormore withdrawals/transfers from one or more of the client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer.

Block 520 comprises the computer-implemented operation of performing thefollowing operations: 522 and 524, by the one or more computers, foreach respective client transaction account, i, of a plurality of theclient transaction accounts:

(a) Block 522 comprises the computer-implemented operation of,determining a client available deposit amount, D_(i), from therespective client's transaction account, i, comprising funds to bedistributed over N_(i) respective banks in the program. D_(i) may bedetermined using one or more computer-implemented rules, as noted above.

(b) Block 524 comprises the computer-implemented operation of,allocating an amount comprising a bank distribution amount, B_(i), forthe client transaction account, D_(i)/N_(i), to each of the N_(i) banksin the program, up to a predetermined amount in each of the respectiveclient N_(i) banks. Note that this operation is performed for clientavailable deposit amounts, D_(i), that are less than a program amount,e.g., less than an FDIC-insured limit multiplied by N_(i) banks. One ormore criteria may also be imposed on the allocation.

Block 530 represents the computer-implemented operation of (3)calculating, by the one or more computers, for each of the N_(i) banksin the program, a respective net bank deposit amount for allocation toone or more of the FDIC-insured and interest-bearing aggregated depositaccounts held in the respective program bank, the respective net bankdeposit amount comprising a sum of respective client bank distributionamounts, B_(i), from a plurality of the clients, allocated to therespective program bank.

Block 540 represents the computer-implemented operation of (4)generating instructions, by the one or more computers, to transfer fundsto or from one or more of the FDIC-insured and interest-bearingaggregated deposit accounts in one or more of the respective banks inthe program to facilitate transfer of the respective net bank depositamounts that were calculated for the allocation. In one embodiment, thistransfer may comprise simply transferring the net amount received for agiven period of time or netted based on some other parameter. In anotherembodiments, the instruction may reallocate all of the already depositedfunds in various program banks to cause a respective balance of funds inthe respective bank deposited in the one or more FDIC-insured andinterest-bearing aggregated deposit accounts held therein toapproximately equal the respective net bank deposit amount calculatedfor the respective bank.

Block 550 represents the computer-implemented operation of (5) updating,by the one or more computers, one or more of the electronic databaseswith update data for each of a plurality of the client transactionaccounts, with the update data for each of the client transactionaccounts comprising respective client bank distribution amounts, B_(i),transferred or to be transferred to the respective N_(i) banks for therespective client in the program.

In one variation of this embodiment, N_(i) is made equal to N. In othervariations, N_(i) may vary for each client transaction account, i, basedon such factors, as for example, a total amount a client has on depositin various accounts with a given relationship financial entity, a numberof available program banks with capacity, the parameters of therespective program, to name a few.

In a Scenario 2 for this Option 2, shown in Table II, a client has atransaction balance of $2,320,000, a balance of $180,000 is allocated toeach of bank 2-10. A remaining balance is allocated and sent to a safetybank 1, or placed in a money fund or one or more other instruments thatmay or may not be FDIC insured.

FIGS. 6A and 6B and Table III illustrate an embodiment of acomputer-implemented method comprising an Option 3 for managing aplurality of client transaction accounts associated with a plurality ofrespective clients for a plurality of transactions. For Option 3, theone or more computers may be configured to calculate a percent of clientassets, and allocate that percent amount among a first N_(i) banks inprogram. The remaining amount of client assets is then allocated acrossM_(i) program banks. The amount allocated to each bank in one of thesets is determined to not exceed the account type insurance limit(currently $250,000) or to exceed a bank capacity—with an exceptionbeing an allocation to one or more safety banks. Table III illustrates aScenario 1 for this Option 3. In this Scenario 1, for a client with atotal transaction account balance of $500,000, 80% is allocated to afirst two banks, e.g., $200,000 in each of banks 1 and 2, and theremaining 20% of the balance is allocated among the remaining banks3-10, e.g., $12,500 to each of banks 3-10. A Scenario 2 for Option 3 isshown in the second column in Table III. In this Scenario 2, for aclient with a total transaction account balance of $500,000, 50% isallocated among a first 3 banks 1-3, e.g., $83,333 in of banks 1-3, andthe remaining 50% is allocated across the remaining banks 4-10, e.g.,$35,714 to each of banks 4-10. Although convenient for purposes ofillustration, note that the amounts allocated to the banks in a givenset of banks, e.g., N_(i), need not be equal. Also, note the amount inthe given bank for a client may exceed the FDIC insurance limit. This isillustrated in a Scenario 3 shown in column 3. Column 3 shows the samepercentage of 50% allocated to the first set of banks, 1 and 2 as incolumn 1, but the amount in bank 1 is different from the amount in bank2, and the total amount for deposit cause balance for the client inmultiple of the banks to exceed the FDIC limit. Note that in analternative embodiment, excess amount above a given amount may be placedin money funds, certificates of deposits, stocks, or other financialinstruments.

In a further embodiment, referred to as Scenario 4, and shown in column4, three sets of banks or other financial instruments are used, with adifferent percentage allocated to each set. Within the given set, thepercentage allocated may be distributed equally across the banks orfinancial instruments in the set, or the amounts in the banks orfinancial instruments in the set may be different. The first set ofbanks may be determined based on one or more criteria, based on clientcharacteristics, such as total balance with a relationship entity, orany of the other criteria already set forth herein, or based on one ormore criteria related to the bank, such as the capacity of the banks,the balance sheet and safety of the bank, to name a few. In thisexample, the first set comprises banks 1 and 2 and has allocated theretoa percentage of 50%. The second set of banks may be determined based onone or more criteria, and comprises in this example, banks 3, 4, 5 and6, and has allocated thereto a percentage of 30%. The third set maycomprise a set of equity funds, which may be determined based on one ormore criteria, and comprises in this example, equity funds 7, 8, 9 and10, and has allocated thereto a percentage of 20%.

TABLE III Amount for Deposit $500,000 $500,000 $5,200,000 $1,850,000Bank or Option 3, Option 3, Option 3 Option 3 Financial Instr. Scenario1 Scenario 2 Scenario 3 Scenario 4 1 $200,000  $83,333 $1,500,000$500,000 2 $200,000  $83,333 $1,100,000 $500,000 3  $12,500  $83,333  $325,000 $200,000 4  $12,500  $35,714   $325,000 $200,000 5  $12,500 $35,714   $325,000 $100,000 6  $12,500  $35,714   $325,000 $100,000 7 $12,500  $35,714   $325,000  $50,000 8  $12,500  $35,714   $325,000 $50,000 9  $12,500  $35,714   $325,000  $50,000 10  $12,500  $35,714  $325,000  $50,000 Total $500,000 $500,000 $3,000,000  $50,000

As noted FIGS. 6A and 6B and Table III represent an example embodimentof this Option 3. Block 600 in FIG. 6 comprises the computer-implementedoperation of accessing, by one or more computers, one or more electronicdatabases, stored on one or more computer-readable media, comprising:(1) aggregated account information for a plurality of Federal DepositInsurance Corporation (FDIC)-insured and interest-bearing aggregateddeposit accounts held in a plurality of banks, N, in a program, whereinfunds from client transaction accounts of a plurality of clients areaggregated with funds of other client transaction accounts in theaggregated deposit accounts held in the banks in the program; and (2)client transaction account information for each of the respective clienttransaction accounts comprising: (a) a respective balance in therespective client transaction account; (b) transaction data for therespective client transaction account; and (c) a respective balance offunds from the respective client transaction account held in each of oneor more of the plurality of the insured and interest-bearing aggregateddeposit accounts holding funds of the respective client transactionaccount.

Block 610 comprises the computer-implemented operation of (1)administering clients' deposits/transfers to and withdrawals/transfersfrom each of the client transaction accounts, the administeringcomprising processing, by the one or more computers, transaction datacomprising transaction data for one or more deposits/transfers for oneor more client transaction accounts and/or transaction data for one ormore withdrawals/transfers from one or more of the client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer.

Block 620 comprises the computer-implemented operation of performing thefollowing operations: 622, 624, 625, 626, 627 and 628, in a loop, foreach client transaction account, i, of a plurality of client transactionaccounts.

Block 622 comprises a computer-implemented operation of (a) determininga client available deposit amount, D_(i), comprising funds to bedistributed to a plurality of the banks in the program. One or morecomputer-implemented rules may be applied to determine D_(i), as notedabove.

Block 624 comprises determining whether to perform a plurality ofcomputer-implemented operations for client transaction accounts thatmeet one or more criteria. By way of example, one criterion may be thatclient available deposit amounts, D_(i), is less than an FDIC insurancelimit times a number of program banks determined for the deposit. Thisdetermination may comprise, in one embodiment, determining if the clientavailable deposit amount, D_(i), is less than an FDIC-insured limitmultiplied by (N_(i)+M_(i)), where N_(i) and M_(i) are banks in theprogram, as specified below. Example criteria that have been describedpreviously for other embodiments, may be applied here also. Then thefollowing operations are performed: 625, 626, 627, and 628, if it does.

Block 625 comprises a computer-implemented operation of (c) determininga respective client first amount, FA_(Ni), from a first percentage X ofD_(i) to be distributed to a respective given bank in a group ofrespective banks N_(i) for the client. This respective first amount,FA_(Ni), could vary from respective bank to bank in this group of banksN_(i) based on one or more criteria selected by the client and/or thebank and/or a relationship entity. In one embodiment, this percentage Xcould be distributed equally across the group of banks N_(i) for theclient. In this case, the client first amount, FA_(Ni), would comprisethe first percentage X/N_(i), multiplied by the client available depositamount, D_(i), with this client first amount, FA_(Ni), to be distributedto each of the client N_(i) banks in the program, wherein the clientfirst amount, FA_(Ni), cannot exceed a predetermined amount. In oneembodiment, the predetermined amount is an amount that is equal to orless than the FDIC insurance limit. As can be seen from the above, thepercentage X does not need to be distributed equally across the N_(i)banks, but in one embodiment, it could be.

Block 626 comprises a computer-implemented operation of determining arespective client second amount, SA_(Mi), from a second percentage Y ofD_(i) to be distributed to a respective given bank in a group ofrespective banks M_(i) for the client. This respective second amount,SA_(Mi), could vary from respective bank to respective bank in thisgroup of banks M_(i) based on one or more criteria selected by theclient and/or the bank and/or a relationship entity. In one embodiment,this percentage Y could be distributed equally across the group of banksM_(i) for the client. In this case, the client second amount, SA_(Mi),would comprise the second percentage Y/M_(i), multiplied by the clientavailable deposit amount, D_(i), with this client second amount,SA_(Mi), to be distributed to each of the client M_(i) banks in theprogram, but where the client second amount, SA_(Mi), cannot exceed apredetermined amount. In one embodiment, the second percentage Y isequal to 100−X, unless the client second amount, SA_(Mi), would exceed apredetermined amount. The predetermined amount may be equal to or lessthan the FDIC insurance limit, for example. Examples of thepredetermined amount that have been described for other embodimentsapply here as well. In the example illustrated in Table III, Option 3,Scenario 1, the calculation for the second percentage is Y=100−80=20%,and the percentage of D_(i) actually distributed to each of the M_(i)banks is Y/M_(i)=20%/8=2.5%. The second amount for this example of anequal distribution across M_(i) banks comprises 2.5% of $500,00=$12,500.Note that there are a variety of different algorithms to generate SA_(i)where the distribution among the M_(i) banks is not to be equal.

Block 627 comprises a computer-implemented operation of calculating aremainder amount, R_(i), if any, comprising[D_(i)]−[(D_(i))(X)+(D_(i))(Y)], across the one or more safety banks.Note that a remainder amount, R_(i), may occur, in one example, wherethe first percentage X of D_(i) and/or the second percentage Y of D_(i)exceeds the predetermined amount.

Block 628 comprises the computer-implemented operation of allocating theclient respective first amounts, FA_(Ni), to the respective client N_(i)banks in the program, and allocating the respective client secondamounts, SA_(Mi), to the respective client M_(i) banks in the program,and allocating the remainder amount, R_(i), if any, across the one ormore safety banks. Note that a given one of the program banks could bean N_(i) bank for one client transaction account and an M_(i) bank for asecond client transaction account, and a safety bank for a third client.Alternatively, a first group of program banks might be only N_(i) banksfor client transaction accounts, a second group of banks might only beM_(i) banks for client transaction accounts, and a third group of banksmay operate as the safety banks for the client transaction accounts.This concept applies to all of the embodiments. Thus, a net bank depositamount may comprise only client first amounts, FA_(Ni), or only clientsecond amounts, SA_(Mi), or only client remainder amounts, or acombination of two of the above, or all three. This concept applies toall of the embodiments.

Block 630 comprises a computer-implemented operation of calculating, foreach bank of a plurality of the banks in the program, a respective netbank deposit amount for allocation to one or more of the FDIC-insuredand interest-bearing aggregated deposit accounts held in the respectivebank, the respective net bank deposit amount comprising a sum ofrespective clients' first amounts, FA_(Ni), allocated to the respectivebank and respective clients' second amounts, SA_(Mi), allocated to therespective bank, and any portion of a remainder amount allocated to therespective bank, if it is designated a safety bank for that clienttransaction account.

Block 640 comprises the computer-implemented operation of generatinginstructions to transfer funds to or from one or more of theFDIC-insured and interest-bearing aggregated deposit accounts in one ormore of the respective banks in the program to facilitate transfer ofthe respective net bank deposit amounts that were calculated for theallocation. In one embodiment, this transfer may comprise simplytransferring the net amount received for a given period of time ornetted based on some other parameter. In another embodiments, theinstruction may reallocate all of the already deposited funds in variousprogram banks to cause a respective balance of funds in the respectivebank deposited in the one or more FDIC-insured and interest-bearingaggregated deposit accounts held therein to approximately equal therespective net bank deposit amount calculated for the respective bank.

Block 650 comprises the computer-implemented operation of updating oneor more of the electronic databases with update data for each of aplurality of the client transaction accounts, with the update data foreach of the client transaction accounts comprising respective clientfirst amounts, FA_(Ni), allocated to the respective client N_(i) banksand respective client second amounts, SA_(Mi), allocated to therespective client M_(i) banks, and all or portions of clients' remainderamounts, if any, allocated to the one or more safety banks.

In an embodiment, one or more of the safety banks may be one or more ofthe banks, M_(i) and/or N_(i).

In a further embodiment of the invention, referred to as Option 4 andillustrated in Table IV, a system, program product, andcomputer-implemented method is disclosed to allocate a percentage ofclient assets across N_(i) banks in a program. In this embodiment, oneor more computers may be configured, for example with computer programcode loaded in main memory, or via hard-wiring to implement theallocation. The one or more computers may be configured to calculate apercent, X, of client available assets to be distributed, D_(i), andallocate that amount to each of the N_(i) banks in program. A remainingpercentage, Y, of client assets is allocated equally by percent to eachof M_(i) banks. In one embodiment, this Y percentage is allocated basedon a deposit sequence order. Note that in one embodiment, theprogramming will place a limit on the amount allocated to each bank sothat it will not exceed the FDIC account type insurance limit (currently$250,000) or override a bank capacity—with the exception that anallocation above approximately the FDIC insurance limit may be placed inone or more safety banks.

Table IV illustrates a Scenario 1 for this embodiment. In this Scenario,by way of example, 80% is allocated to the first two banks, 1 and 2, and20% of the balance is allocated to remaining bank 3.

TABLE IV Account Balance $500,000 Option 4, Bank Scenario 1 1 $200,000 2$200,000 3 $100,000 4 5 6 7 8 9 10 Total $500,000

FIGS. 7A and 7B disclose an implementation for this embodiment of Option4, comprising a computer-implemented method for managing a plurality oftransactions for a plurality of client transaction accounts associatedwith a plurality of respective clients. This method embodiment comprisesa computer-implemented operation 700 of accessing, by one or morecomputers, one or more electronic databases, stored on one or morecomputer-readable media, comprising: (1) aggregated account informationfor a plurality of Federal Deposit Insurance Corporation (FDIC)-insuredand interest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the plurality of the insured andinterest-bearing aggregated deposit accounts holding funds of therespective client transaction account.

Block 710 comprises the computer-implemented operation of administering,by the one of more computers, clients' deposits/transfers to andwithdrawals/transfers from each of the client transaction accounts, theadministering comprising processing transaction data comprisingtransaction data for one or more deposits/transfers for one or moreclient transaction accounts and/or transaction data for one or morewithdrawals/transfers from one or more of the client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer.

Block 720 comprises the computer-implemented operation of performing, bythe one of more computers, the following operations for each clienttransaction account, i, of a plurality of client transaction accounts:

(a) Block 722 comprises the computer-implemented operation ofdetermining, by the one of more computers, a client available depositamount, D_(i), comprising funds to be distributed to a plurality of thebanks in the program. As noted, one or more computer implemented rulesmay be applied to make this determination, as described above.

(b) Block 724 comprises the computer-implemented operation ofperforming, by the one of more computers, for client available depositamounts D_(i), as discussed previously, the following operations, 725,726, and 728, if it does:

-   -   (i) Block 726 comprises the computer-implemented operation of        calculating, by the one of more computers, a client first        amount, FA_(i), comprising a first percentage X, multiplied by        the client available deposit amount, D_(i), with this client        first amount, FA_(i), to be distributed to each of a client        N_(i) banks in the program, wherein the client first amount,        FA_(i), cannot exceed a predetermined amount.    -   (ii) Block 727 comprises the computer-implemented operation of        calculating, by the one of more computers, a client second        amount, SA_(i), comprising a client second percentage, Y,        multiplied by the client available deposit amount, D_(i), with        this client second amount, SA_(i), to be distributed to each of        the one or more other banks, M_(i), in the program, but where        the client second amount, SA_(i), cannot exceed a predetermined        amount, and where Y is not equal to X. In one embodiment, this        distribution may be made in a deposit sequence order. In a        further embodiment, the second percentage Y may be set equal to        (100−(X)·(N_(i)))/M_(i).    -   (iii) Block 728 comprises the computer-implemented operation of        allocating, by the one of more computers, the client first        amount to each of the client N_(i) banks in the program, and        allocating the client second amount, SA_(i), to each of the        client M_(i) banks in the program.

Block 730 comprises the computer-implemented operation of calculating,by the one of more computers, for each respective bank of a plurality ofthe banks in the program, a respective net bank deposit amount forallocation to one or more of the FDIC-insured and interest-bearingaggregated deposit accounts held in the respective program bank, therespective net bank deposit amount comprising a sum of respectiveclients' first amounts, FA_(i), allocated to the respective program bankand clients' second amounts, SA_(i), allocated to the respective programbank.

Block 740 comprises the computer-implemented operation of generating, bythe one of more computers, instructions to transfer funds to or from oneor more of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program tofacilitate transfer of the respective net bank deposit amounts that werecalculated for the allocation. In one embodiment, this transfer maycomprise simply transferring the net amount received for a given periodof time or netted based on some other parameter. In another embodiments,the instruction may reallocate all of the already deposited funds invarious program banks to cause a respective balance of funds in therespective bank deposited in the one or more FDIC-insured andinterest-bearing aggregated deposit accounts held therein toapproximately equal the respective net bank deposit amount calculatedfor the respective bank.

Block 750 comprises the computer-implemented operation of updating, bythe one of more computers, one or more of the electronic databases withupdate data for each of a plurality of the client transaction accounts,with the update data for each of the client transaction accountscomprising client first amounts, FA_(i), allocated to each of the clientN_(i) banks and client second amounts, SA_(i), allocated to each of theclient M_(i) banks.

A yet further embodiment of the invention comprises allocating clientfunds across a number of program banks, with the number of banks for theallocation based on one or more criteria, e.g., a tiering of the numberof banks for deposit. One criterion may comprise a balance in the clienttransaction account relative to a tiering table comprising a bank numbertier assigned to a range of balances. Another criterion may be thebalance in all of the accounts for a client's family relative to atiering table. Another criterion may be an overall client relationshipwith the system or with one or more financial institutions. An exampleof a bank tiered allocation operation is shown in FIGS. 8A and 8B.

FIGS. 8A and 8B disclose one implementation for this embodiment,comprising a computer-implemented method for managing a plurality ofclient transaction accounts associated with a plurality of respectiveclients for a plurality of transactions. This method embodimentcomprises a computer-implemented operation 800 of accessing one or moreelectronic databases, stored on one or more computer-readable media,comprising: (1) aggregated account information for a plurality ofFederal Deposit Insurance Corporation (FDIC)-insured andinterest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client transaction accountsof a plurality of clients are aggregated with funds of other clienttransaction accounts in the aggregated deposit accounts held in thebanks in the program; and (2) client transaction account information foreach of the respective client transaction accounts comprising: (a) arespective balance in the respective client transaction account; (b)transaction data for the respective client transaction account; and (c)a respective balance of funds from the respective client transactionaccount held in each of one or more of the plurality of the insured andinterest-bearing aggregated deposit accounts holding funds of therespective client transaction account.

Block 810 represents the computer-implemented operation ofadministering, by the one of more computers, clients' deposits/transfersto and withdrawals/transfers from each of the client transactionaccounts, the administering comprising processing transaction datacomprising transaction data for one or more deposits/transfers for oneor more client transaction accounts and/or transaction data for one ormore withdrawals/transfers from one or more of the client transactionaccounts, with the transaction data comprising a respective amount foreach respective deposit/transfer and each respectivewithdrawal/transfer.

Block 820 represents a computer-implemented operation of performing, bythe one of more computers, (2) the following steps 822, 824, and 826,for each client transaction account, i, of a plurality of clienttransaction accounts. Note that the plurality of the client transactionsaccounts may be less than all of the client transaction accounts:

(a) Block 822 represents a computer-implemented operation ofdetermining, by the one of more computers, a client available depositamount, D_(i), comprising funds to be distributed to one or more of thebanks in the program. This determination may be subject to one or morecomputer implemented rules, as discussed previously.

(b) Block 824 represents a computer-implemented operation ofdetermining, by the one of more computers, a bank number tier, T_(i),for the client available deposit amount, D_(i), from among a pluralityof tiers based on one or more criteria, wherein each tier has a numberof banks electronically associated therewith or a function for computingelectronically the number of banks associated therewith, in the one ormore databases. In one embodiment, one of the criteria may comprise theclient available deposit amount, D_(i), and where that client availabledeposit amount D_(i) fits in a tier table comprising a set of depositamount ranges, with a prescribed number of banks, N_(T), assigned toeach respective tier.

(c) Block 826 represents a computer-implemented operation of allocating,by the one of more computers, the client available deposit amount,D_(i), across a number of banks, N_(T), equal to the number associatedelectronically with the tier, T_(i), or determined from the function inthat tier, T_(i), so that a respective client portion, P_(i), of theclient available deposit amount, D_(i), is allocated to each respectivebank in the number of banks, N_(T), in the client's tier, T_(i). In avariation of this Option 5, the client portions, P_(i), allocated toeach of the respective banks in the client's tier, N_(i), areapproximately equal, but do not exceed a predetermined amount, exceptfor one or more safety banks. In another embodiment, the clientportions, P_(i), may vary from bank to bank. In another embodiment, theclient portions, P_(i), may be determined in accordance with one or moreof the computer-implemented methods described herein.

Block 830 represents the computer-implemented operation of calculating,by the one of more computers, for each respective bank of a plurality ofthe banks in the program, a respective net bank deposit amount forallocation to one or more of the FDIC-insured and interest-bearingaggregated deposit accounts held in the respective bank, the respectivenet bank deposit amount comprising a sum of respective clients'portions, P_(i), allocated to the respective bank. In one embodiment,any excess portions are also included in the respective net bank depositamount, if the respective program bank is a safety bank for one or moreclient transaction accounts.

Block 840 represents the computer-implemented operation of generating,by the one of more computers, instructions to transfer funds to or fromone or more of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program tofacilitate transfer of the respective net bank deposit amounts that werecalculated for the allocation. In one embodiment, this transfer maycomprise simply transferring the net amount received for a given periodof time or netted based on some other parameter. In another embodiments,the instruction may reallocate all of the already deposited funds invarious program banks to cause a respective balance of funds in therespective bank deposited in the one or more FDIC-insured andinterest-bearing aggregated deposit accounts held therein to equal orapproximately equal the respective net bank deposit amount calculatedfor the respective bank.

Block 850 represents the computer-implemented operation of updating, bythe one of more computers, one or more of the electronic databases withupdate data for each of a plurality of the client transaction accounts,with the update data for each of the client transaction accountscomprising client portions, P_(i), allocated to each respective bank inthe number of bank, N_(T), determined for the client based on the tierdetermined for that client transaction account. Note that in someinstances, the client portion, P_(i), for the respective bank mayinclude excess portions, if the respective bank is a safety bank for therespective client.

In a yet further embodiment, after the system has determined that aclient, or a broker dealer, or relationship bank has met one or moredesignated criteria, then the client, or broker dealer or relationshipbank may be permitted to designate a number of program banks acrosswhich to deposit its client available deposit amount, D_(i). and/or todesignate a percentage to be deposited in each of the program banks.

In a variation of this embodiment, after it has been determined that theclient meets the one or more designated criteria, the client may bepermitted to designate a number of program banks across which to deposita client available deposit amount, D_(i) that is less then the FDICinsurance limit times the number of banks the client has designated. Byway of example but not limitation, the one or more criteria may comprisean amount in a respective client accounts, a composite amount from aplurality of the accounts associated with the respective client, alength of time that a relationship has been maintained, or otherconvenient parameter.

One implementation of this embodiment is illustrated in FIG. 11. In FIG.11, discloses a method for distributing respective client fundsassociated with a plurality of respective clients. Block 1100 of FIG. 11discloses a computer-implemented operation of accessing, by one or morecomputers, one or more electronic databases, stored on one or morecomputer-readable media, comprising: (1) aggregated account informationfor a plurality of Federal Deposit Insurance Corporation (FDIC)-insuredand interest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds of a plurality of clients areaggregated with funds of other clients in the aggregated depositaccounts held in the banks in the program; and (2) client informationfor each of the respective clients comprising: (a) a respective totalbalance to be distributed for the respective client; (b) a respectivebalance of funds of the respective client held in each of one or more ofthe insured and interest-bearing aggregated deposit accounts holdingfunds of the respective client.

The next set of blocks disclose a sub-set of operations performed foreach client, i, of a plurality of clients. In block 1110, the operationis disclosed of determining a client available deposit amount, D_(i),for the respective client i, comprising funds to be distributed overN_(i) respective banks in the program for the respective client. Asnoted previously, this may be computed in a computer-implemented step,or may be received directly or indirectly from a respective client viaan online banking portal or Web link or other convenient method, or froma relationship entity, such as a relationship bank or broker dealer forthe respective client.

In block 1120, a computer-implemented operation is disclosed ofdetermining, for a client available deposit amount D_(i), that is lessthan an FDIC-insured limit multiplied by N_(i) banks, a value of N_(i)banks for the respective client, wherein N_(i) is a whole number and (X)times (N_(i)) is equal to or less than 100, where X is a distributionpercent value to be distributed to each of the N_(i) banks. Examplesshowing this calculation have been described previously.

In block 1130, a computer-implemented operation is disclosed ofallocating, by the one or more computers, a respective client bankdistribution amount, BN_(i), comprising approximately the percentage, X,multiplied by the respective client available deposit amount, to each ofthe respective N_(i) banks determined for the client, up to apredetermined amount in each of the respective client N_(i) banks.

In block 1140, a computer-implemented operation is disclosed ofcalculating, by the one or more computers, for each bank of a pluralityof the banks in the program, a respective net bank deposit amount forallocation to one or more of the FDIC-insured and interest-bearingaggregated deposit accounts held in the respective bank, the respectivenet bank deposit amount comprising a sum of respective client bankdistribution amounts, BN_(i), from a plurality of the clients, allocatedto the respective bank.

In block 1150, the operation, which maybe computer-implemented, isdisclosed of generating instructions to transfer funds to or from one ormore of the FDIC-insured and interest-bearing aggregated depositaccounts in one or more of the respective banks in the program to cause,for each of a plurality of the banks to facilitate transfer of therespective net bank deposit amounts that were calculated for theallocation. In one embodiment, this transfer may comprise simplytransferring the net amount received for a given period of time ornetted based on some other parameter. In another embodiments, theinstruction may reallocate all of the already deposited funds in variousprogram banks in the program, a respective balance of funds in therespective bank held in the one or more FDIC-insured andinterest-bearing aggregated deposit accounts therein to approximatelyequal the respective net bank deposit amount calculated for therespective bank.

In block 1160, the computer-implemented operation is disclosed ofupdating, by the one or more computers, one or more of the electronicdatabases with update data for each of a plurality of the clients, i,with the update data for each of the clients, i, comprising respectiveclient bank distribution amounts, BN_(i), transferred or to betransferred to the respective client N_(i) banks for the client in theprogram.

In one embodiment, the operation is disclosed of maintaining therespective client available amounts, D_(i), in the one or moreFDIC-insured and interest-bearing aggregated deposit accounts held inthe plurality of banks, N_(i). determined for the respective clientavailable amounts, D_(i).

In a further embodiment, an embodiment is disclosed of performing foreach of a plurality of the clients when N_(i) is a whole number and (X)times (N_(i)) is less than 100, so that there is a remainder amount,R_(i), the computer-implemented steps: of allocating at least a portion,PR_(i), of a remainder amount, R_(i), multiplied by the respectiveclient available deposit amount, D_(i), whereR_(i)=(D_(i))−D_(i)(N_(i)·X)/100, to one or more of the banks, M_(i), upto a predetermined amount in each of the respective one or more clientM_(i) banks; with the calculating step (3) comprising calculating, foreach bank of a plurality of the banks in the program, a respective netbank deposit amount for allocation to one or more of the FDIC-insuredand interest-bearing aggregated deposit accounts held in the respectivebank, the respective net bank deposit amount comprising a sum ofrespective client bank distribution amounts, BN_(i), and/or portions,PR_(i), of remainder amounts, R_(i), from a plurality of the clients,allocated to the respective bank; and with the updating step (5)comprising updating one or more of the electronic databases with updatedata for each of a plurality of the clients, with the update data foreach of the clients comprising portions, PR_(i), of remainder amounts,PR_(i), transferred or to be transferred to the respective client M_(i)banks for the client in the program.

Note that all of the embodiments disclosed herein may be implementedwith the operation of administering the client deposits/transfers andwithdrawals/transfers to their respective client transaction accountsnot included, and the information related to the client transactionaccounts, may, but need not be included in the one or more databases.

Note that in variations of the previously described embodiments, one ormore of the aggregated interest-bearing accounts held in the programbanks may not be FDIC insured, and may alternatively, hold an amount ofcollateral or exhibit other features to justify a determination that therespective bank is safe.

Also, the above described embodiments may be implemented in someconfigurations wherein aggregated deposit accounts are not used in theprogram banks or not used in all of the program banks, but ratherindividual accounts are set up in the program banks for each respectiveclient to hold the respective client's funds.

Note that in variations of the previously described embodiments, one ormore of the aggregated interest-bearing accounts held in the programbanks may not be FDIC insured, and may alternatively, hold an amount ofcollateral or exhibit other features to justify a determination that therespective bank is safe.

In a further variation that can be applied to modify each of theembodiments herein disclosed, the one or more of the electronicdatabases include client preference and/or exclusion informationcomprising a client's one or more preferences and/or one or moreexclusions of one or more of the program banks to hold its funds. Thememory for one or more of the computers stores computer-readableinstructions that, when executed, cause the one or more computers toperform the step of determining the banks in the program for allocationof the client available deposit amount, D_(i), based at least in part,on the client preference and/or exclusion information.

It should be noted that the calculation and determination operations andsteps disclosed herein may be performed by one or more computers thatperform the functions at one location or at multiple locations. Also,note that a portion or all of a given calculation or determinationoperation or other operation can be performed by one or more computersowned or controlled by different entities, or at different locationsthat are directly or indirectly interconnected. The method ofperformance of the operation or step may, but need not be, controlled,but the step may be performed at the direction of and under limitations(e.g., maintenance of confidentiality, time for performance, etc.) ifany, imposed by the entity operating the claimed method, system orprogram product.

In one embodiment of an account allocation sequence, after therespective purchases and redemptions have been processed, the accountsare grouped by taxpayer identification number (TIN) and sorted in somedefined manner, e.g., descending order based on total TIN balance(highest to lowest), or sorted numerically by TIN balance from lowest tohighest. Thereafter, the allocation proceeds, client transaction accountby client transaction account, to determine which program banks willreceive the client transaction account balance (comprising the day'sopening balance for the account, plus first sweep purchases, minus firstsweep redemptions for each transaction account). The allocation methoddistributes the account assets to the program banks based on the TINbalance and based on the type of allocation business rules set for thatclient transaction account. Note that the business rules may beattributed to an account directly at the client transaction accountlevel, or to multiple accounts at the broker or office/branch level.Some example business rules comprise:

-   -   1. A client transaction account's balance must be allocated to        banks in a specific deposit sequence, e.g., a first amount to        program bank 130, a next amount to program bank 132, etc.    -   2. A client transaction account's roster of available program        banks may vary from that of the overall Program due to client        bank exclusions, e.g., the client may opt-out of 1 or more banks        in a category, but not all banks or a set number of the banks in        the program. For example, if there are 10 banks in a program,        the client may not be allowed to opt-out of more than 5 banks.    -   3. A requested deposit limit for a given program bank is less        than the maximum FDIC insurance limit for the given account type        (currently $250,000 for an individual account).    -   4. A maximum cap and/or minimum cap associated with the        respective program bank must be satisfied.

In one embodiment of business rule priority, client transaction accountspecific rules may be used first to direct the client transactionaccount balance allocation. If the client has opted out of a particularprogram bank, for example, because the client has funds in that bank viaan account with another financial entity, or the client has designatedthat the first amount is to be deposited in a particular bank, then suchclient transaction account balance allocation will follow those rules inmaking the allocation of that client's balance. Then financial entityoffice/branch level allocation business rules may be followed inallocating multiple client transaction accounts of the given financialentity in an order subject to potential amount limits specified by theapplicable rule(s). Thus, the client transaction account balanceallocation process first allocates non-zero balance accounts accordingto client transaction account specific rules, then follows office/branchlevel business rules in a descending account balance order. Finally, theclient transaction account balance allocation process allocates non-zerobalance accounts not subject to any of the above applicable businessrules in descending account balance order. The allocation/reshuffling ofclient transaction account balances may also follow certain otherbusiness rules to minimize the volume of account balance redistributionsrequired to match with the destination program bank amount allocation.Likewise, a rule may be followed that no more than six withdrawals in aparticular manner, per Regulation D, may be made from a given programbank during a period such as a month. Other allocation rules may be setby the individual account holder, the broker dealer or other financialentity, and the management system 100.

As noted, in some embodiments one or more safety banks may bedesignated. The “safety bank” receives the deposits for all of theaccount balances in excess of the insurance limit provided by theprogram. The safety bank may be generally one of the larger and/or morestable banks in the program, and so is less likely to experience bankfailure, or it may comprise a bank with a certain level of collateral.In one embodiment, the safety bank may be selected at the broker level.In another embodiment, it may be selected at the client level. If thatselected bank is opted out for a particular client transaction account,then the bank with the highest available capacity may be used for thataccount. Note that due to opt-out and other rules, there may be multiplesafety banks. The safety bank for a given client may be selected byrule.

Referring again to FIG. 1, the management system 100 may be configuredto allocate and manage deposits, withdrawals and other transactionsrelating to each of the aggregated accounts in each of the program banks130-140. Thus, in one embodiment, the management system 100 tracks thenet activity for the aggregated deposit accounts maintained by thefinancial entity or the management system 100 itself, at the programbanks 130-140, based on information generated by it own computers, e.g.,wires, messages, to name a few, and/or received by the management system100 from the financial entities and/or from other appropriate sourcesvia contract or otherwise. The management system 100 maintainselectronic records or has maintained for it, in one or more electronicdatabases, records on each financial entity and its respective clientswith funds in the program banks managed by the management system 100.

As explained more fully below, the management system 100 mayautomatically generate reports, for example in the form of e-mailmessages, text messages, faxes, posting on prescribed web pages, to namea few, advising the financial entities with the client relationship, ofthe day's net activity for the aggregated accounts in the multipleprogram banks holding funds for clients of that financial entity, and/oractivity in one or more client transaction accounts of that financialentity. If more than one aggregated deposit account is maintained at aprogram bank, 130-140, each account may be settled separately. Themanagement system 100 maintains or has maintained for it computersoftware and/or hardware located at a main management system site, or atone or more remote sites that are in communication with the managementsystem 100, that maintain databases and other program functions to trackactivities in the various aggregated accounts in each of the programbanks 130-140. Examples of such computer software and/or hardware willbe discussed below.

In yet a further embodiment, an audit trail of allocations andreallocations of client transaction account funds at each of the programbanks may be generated. For example, the system may track the allocationamong program banks for a client transaction account. In someembodiments, the system may send information that provides an intra daymovement among program banks of the funds of individual clienttransaction accounts and associated financial entities, to therespective individual clients, and/or to the associated financialentity, and/or to any outside party. After the last allocation has runfor the day, the process then creates outbound files for the programbanks and the broker dealers or other financial entities maintaining theclient relationships. The bank deposit file sent to the financial entitymay include data for each client transaction account for that financialentity with funds in the program, and the respective balance held ateach program bank for that financial entity. A file may also be sent toeach program bank, which file includes the client's financial entityaccount number, a balance for that client at the program bank and thelast four digits of the client's tax TIN. Accordingly, the process inone embodiment, creates a transaction audit trail to record all changesin client transaction account bank balances and an identification of theprogram banks holding those funds and the amounts of client transactionaccount funds held therein. The transactions are written into an insureddeposits transaction history table with transaction type “XFR.”

In yet a further embodiment, an on-the-fly report of uninsured funds isgenerated and communicated by some convenient electronic means. Theinsurance process detects whether an account's assets cannot be insuredas the program processes/re-allocates on a per client transactionaccount basis. In this manner, uninsured client transaction accountswill be written to the uninsured file to capture such client transactionaccounts “on the fly.” An uninsured account balance report thus willinclude all uninsured client transaction accounts with a listing of theaccount current balance and an aggregated TIN balance per program bank.The report may be used by an operations department as an audit tool. Thereport may be reviewed daily to ensure that all accounts are properlyinsured.

The system further includes a message generator that generates one ormore electronic messages and settlement wires regarding withdrawal offunds from or deposit of funds to each of the aggregated accounts in theprogram banks. Messages may, for example, be in the form of e-mail,facsimile, text message or other form of communication, and may be sentelectronically, or by messenger, for example. Such messages may be sentto the financial entities and/or the banks for providing notice of anaction, or a request for approval of an action, and may includeinformation such as, for example, an amount withdrawn or deposited andthe reason for the withdrawal or deposit.

FIG. 2 is a block diagram showing an embodiment of an aggregated accountmanagement system 100 of FIG. 1, generally designated by referencenumber 200 in FIG. 2, according to an exemplary embodiment of thepresent invention. In one embodiment, the aggregated account managementsystem 200 according to the present invention may be communicativelycoupled to one or more networks 205 via a communication interface 295.The one or more networks 205 may represent a generic network, which maycorrespond to a local area network (LAN), a wireless LAN, an EthernetLAN, a token ring LAN, a wide area network (WAN), the Internet, aproprietary network, an intranet, a telephone network, a wirelessnetwork, to name a few, and any combination thereof. Depending on thenature of the network employed for a particular application, thecommunication interface 295 may be implemented accordingly. The network205 serves the purpose of delivering information between connectedparties.

In one embodiment, the Internet may comprise the network 205. The system200 may communicate via the Internet bank and financial entity recordsto interested or authorized parties. The aggregated account managementsystem 200 may also or alternatively be communicatively coupled to anetwork 205 comprising a closed network (e.g., an intranet), and therebycommunicate bank and financial entity records to a limited number ofreceivers, potentially with an enhanced level of security. Themanagement system 200 may be configured to communicate, via the one ormore networks 205, with respective computer systems of the one or morefinancial entities, the program banks 130-140, and to the one or morecontrol operating accounts 110 in the financial institution orintermediary bank. By way of example, such communication may be used tomanage the aggregated accounts held at each program bank, to maximizeinsurance for the money in the various client transaction accounts,and/or to increase the safety of that money.

The management system 200 may comprise, in some embodiments, a computingplatform for performing, controlling, and/or initiatingcomputer-implemented operations, for example, via a server and the oneor more networks 205. The computer platform may comprise systemcomputers and other party computers. An exemplary management system 200may operate under the control of computer-executable instructions tocarry out the process steps described herein. Computer-executableinstructions comprise, for example, instructions and data which cause ageneral or special purpose computer system or processing device toperform a certain function or group of functions. Computer software forthe management system 200 may comprise, in an embodiment, a set ofsoftware objects and/or program elements comprising computer-executableinstructions collectively having the ability to execute a thread orlogical chain of process steps in a single processor, or independentlyin a plurality of processors that may be distributed, while permitting aflow of data inputs/outputs between components and systems.

The management system 200 may be include, one or more personalcomputers, workstations, notebook computers, servers, mobile computingdevices, handheld devices, multi-processor systems, networked personalcomputers, minicomputers, mainframe computers, personal data assistants,Internet appliances (e.g., a computer with minimal memory, disk storageand processing power designed to connect to a network, especially theInternet, etc.), or controllers, to name a few.

The management system 200 may comprise, in one embodiment, a bus 210 orother communication component that couples the various system elements220-295, and is configured to communicate information between thevarious system elements 220-295.

As shown in FIG. 2, one or more computer processors 220 may be coupledwith the bus 210 and configured to process and handle information andexecute instructions. The management system 200 may include a mainmemory 250, such as a Random Access Memory (RAM) or other dynamicstorage device, coupled to the bus 200, for storing information andinstructions to be executed by the one or more processors 220. The mainmemory 250 also may be used for storing temporary variables or otherintermediate information during execution of instructions by the one ormore processors 220.

The management system 200 further may include a Read-Only Memory (ROM)230 or other static storage device (e.g., EPROM, EAROM, EEPROM, PROM,flash, and the like) coupled to the bus 210 for storing staticinformation and instructions for the one or more processors 220.Furthermore, a storage device 240, such as a magnetic disk or opticaldisk, such as a CD-ROM or other optical media may be provided andcoupled to the bus 210 for storing information and instructions.

In addition to the ROM 230, one or more databases 260 may be coupled tothe bus 210 for storing static information and software instructions.Information stored in or maintained in the database 260 may be providedin conformance with a database management system format such as, but notlimited to, the Structured Query Language (SQL) format. Database queryand access instructions, for example, in the form of one or morescripts, may be used which, when executed by a processor such as theprocessor 220, serve to access, store and retrieve data maintained inthe database 260 according to the instructions contained in the script.

Furthermore, the management system 200 may comprise application softwareinstructions which may implement a user interface portion for generatinginteractive pages or display screens by which a user may provide data toand receive information from the management system 200 and the database260 using a human-machine interface. Interactive pages may include userdialog boxes for accepting user entered information. In particular, thehuman-machine interface may comprise a Graphical User Interface (GUI)portion for prompting the user to enter data by providing an interactivedialog box or message box instructing the user to enter particular data,or to select from among a multitude of options provided using apull-down menu. A user may interact with the management system 200 viathe graphical user interface by using a pointing device and/or dataentry device. The GUI portion may place the output of the managementsystem 200 in a format for presentation to a user via the display. In atleast one embodiment, the GUI may be implemented as a sequence of Javainstructions.

A data entry device 270, including alphanumeric and other keys, or apointing device such as a mouse or trackball, or a scanner, to name afew, may be coupled to the bus 210 for communicating information andcommand selections to the processor 220. The data entry device 270 maybe coupled to the bus 210 via an interface (not shown), wherein theinterface may be, for example, a serial port, an RS-232 port, or thelike. In addition, the interface may be a wireless interface and provideconnection-less communication via, for example, Bluetooth communication.

The management system 200 may be coupled via the bus 210 to a display orprinter 290 for outputting information to a computer user. In addition,a user may use the display (e.g., touch screen) or printer (e.g.,scanner) to provide information to the management system 200.

According to at least one embodiment of the present invention, thevarious program operations as described herein may be provided by themanagement system 200 in response to the one or more processors 220executing one or more sequences of computer-readable instructionscontained in the main memory 250. Such instructions may be read into themain memory 250 from another computer-readable medium, such as the ROM230, the storage device 240, or the database 260. Execution of thesequences of instructions contained in the main memory 250 may cause theone or more processors 220 to perform the process steps describedherein. It should be appreciated that an embodiment of the managementsystem 200 may perform fewer or additional processes as compared tothose described herein. As noted, the one or more processors 220 may bearranged in a multi-processing arrangement. Alternatively, hard-wiredcircuitry may be used in place of or in combination with softwareinstructions to implement the invention. Thus, embodiments of theinvention are not limited to any specific combination of hardwarecircuitry and software.

The term “computer-readable medium” or “computer-readable storagemedium,” as used herein refers to any medium that is computer-readableand participates in providing instructions to the processor 220 forexecution. Such a medium may be removable or non-removable and may takemany forms, including, but not limited to, non-volatile media andvolatile media. Non-volatile media include, for example, optical ormagnetic disks, such as the storage device 240. Volatile media includedynamic memory, such as the main memory 250. Common forms ofcomputer-readable media include, for example, floppy disk, a flexibledisk, hard disk, magnetic tape, any other magnetic medium, a CompactDisc Read Only Memory (CD ROM), Digital Video Disc (DVD) or any otheroptical medium, punch cards, paper tape, any other physical medium withpatterns of holes, a Random Access Memory (RAM), a Programmable ReadOnly Memory (PROM), an Erasable Programmable Read Only Memory (EPROM), aFlash EPROM, any other memory chip or cartridge, or any other mediumfrom which a computer can read computer instructions. Combinations ofthe above are also included within the scope of machine-readable media.Machine-executable instructions comprise, for example, instructions anddata which cause a general purpose computer, special purpose computer,or a special purpose processing machine to perform a certain function orgroup of functions. It should be appreciated that the one or moredatabases 260, the main memory 250, the storage device 240, and the ROM230 may, in some embodiments, be described as a “computer-readablemedium” or a “computer-readable storage medium.”

As previously noted, the management system 200 also comprises acommunication interface 295 coupled to the bus 210 for providingone-way, two-way or multi-way data communication with the network 205,or directly with other devices. In one embodiment, the communicationinterface 295 may comprise a modem, a transceiver Integrated ServicesDigital Network (ISDN) card, a WAN card, an Ethemet interface, or thelike, to provide a data communication connection to a corresponding typeof communication medium. As another example, the communication interface295 may comprise a LAN card to provide a data communication connectionto a compatible LAN. Wireless links may also be implemented. In suchwireless links, communication interface 295 may communicate with a basestation communicatively coupled to a network server. In any suchimplementation, the communication interface 295 sends and receiveselectrical, electromagnetic, radio, infrared, laser, or optical signalsthat carry digital data streams representing various types ofinformation. Any combination of the above interfaces may also beimplemented.

In one embodiment, the communication interface 295 may becommunicatively coupled to a web server configured to generate andoutput web content that is suitable for display using a web browser at acomputing device. In an embodiment, the server may generate and transmitrequested information through the communication interface 295 to arequesting terminal via Hypertext Transfer Markup Language (HTML)formatted pages, eXtensible Markup Language (XML) formatted pages, orthe like, which may be provided as World Wide Web pages that may enablenavigation by hyperlinks. The server program may be used to receivecommands and data from the clients' terminals and financial entityterminals, and program bank terminals, access and process data fromvarious sources, and output computer-executable instructions and datausing the network 205. For example, code and data may be communicated tothe computers of clients, financial entities, and the program banks. Onesuch downloaded application may, for example, implement clienttransaction account balance distribution, or reporting, or messagegeneration, as described herein. Interactive pages transmitted andreceived using the network 205 may conform to necessary protocols.

The web server, in one embodiment, may correspond to a secure webapplication server behind a web server program that a service provideremploys to run one or more web based application programs (e.g., anapplication program to carry out the methods described above) in asecure fashion. Such a secure web application server may be configuredto execute one or more web based application programs, responsive tocommands and data received from the clients (via a web page supported bythe web server), and providing data and results to the clients. The webserver and the web application server may be implemented using a singlecomputing platform. Alternatively, it may also be implemented usingmultiple separate and distributed computing platforms.

FIG. 9 is a block diagram showing portions of at least one embodiment ofa memory configuration 900 storing programs used in the present system.This memory configuration may be applicable to the one or more databases260, the main memory 250, the storage device 240, and/or the ROM 230, ora combination thereof. The memory configuration may comprise one memory,or distributed memories. In one embodiment, the memory configuration maycomprise a reporting program 910 for generating reports on variousaspects of the system operation, including allocation activity thatidentifies each of the program banks holding funds of the clienttransaction account, the client transaction account balance deposited ineach of these program banks, and how much insurance is obtained fromeach of these identified program banks for the client's transactionaccount. These reports could then be electronically transmitted orotherwise sent to the financial entities, clients, and the programbanks. The memory configuration may further comprise a message generatorprogram 920 for generating messages and instructions to the variousbanks to initiate the movement of funds. The memory configuration mayfurther comprise a transaction account balance monitoring program 930for monitoring the balance in the individual client transactionaccounts. The memory configuration may further comprise adeposit/transfer transaction program 940 for processing deposits andtransfers received for the individual client transaction accounts. Thememory configuration may further comprise a withdrawal/transfertransaction program 950, for processing the withdrawal instructions andtransfers received for the individual client transaction accounts. Thememory configuration may further comprise an allocation program 960 forallocating amounts to the various program banks as described herein. Thememory configuration may further comprise a program bank monitoringprogram 970, for monitoring the balances maintained in the one or moreaggregated accounts held in each of the respective program banks. In oneembodiment, the memory configuration may comprise a server program 980.In another embodiment, the server program is external to the system,and/or may be operated by a third party.

These respective application programs include a sequence of programmedinstructions which, upon execution, are operable to configure themanagement system 200 (shown in FIG. 2) to carry out the respectiveprogram operations described herein. The application programs may alsoinclude sequences of database access instructions, or scripts to effectstorage and retrieval of data using the database 250.

As noted above, embodiments of the present invention may be practiced ina networked environment using logical connections to one or more remotecomputers having processors. Logical connections may include a localarea network (LAN) and a wide area network (WAN) that are presented hereby way of example and not limitation. Such networked environments are inoffice-wide or enterprise-wide computer networks, intranets and theInternet, and may use a wide variety of different communicationprotocols. Those skilled in the art will appreciate that such networkcomputing environments will typically encompass many types of computersystem configurations, including personal computers, hand-held devices,multi-processor systems, microprocessor-based or programmable consumerelectronics, network PCs, minicomputers, mainframe computers, and thelike. Embodiments of the invention may also be practiced in distributedcomputing environments where tasks are performed by local and remoteprocessing devices that are linked (either by hardwired links, wirelesslinks, or by a combination of hardwired or wireless links) through acommunications network. In a distributed computing environment, programmodules may be located in both local and remote memory storage devices.

Embodiments of the invention have been described in the general contextof method steps which may be implemented in one embodiment by a programproduct including machine-executable instructions, such as program code,for example in the form of program modules executed by machines innetworked environments. Generally, program modules include routines,programs, objects, components, data structures, etc. that performparticular tasks or implement particular data types. Multi-threadedapplications may be used, for example, based on Java or C++.Machine-executable instructions, associated data structures, and programmodules represent examples of program code for executing steps of themethods disclosed herein. The particular sequence of such executableinstructions or associated data structures represent examples ofcorresponding acts for implementing the functions described in suchsteps.

It should be noted that although the flow charts provided herein show aspecific order of method steps, it is understood that the order of thesesteps may differ from what is depicted. Also two or more steps may beperformed concurrently or with partial concurrence. Such variation willdepend on the software and hardware systems chosen and on designerchoice. It is understood that all such variations are within the scopeof the invention. Likewise, software and web implementations of thepresent invention may be accomplished with programming techniques withrule based logic and other logic to accomplish the various databasesearching steps, correlation steps, comparison steps and decision steps.It should also be noted that the word “component” as used herein and inthe claims is intended to encompass implementations using one or morelines of software code, and/or hardware implementations.

While this invention has been described in conjunction with theexemplary embodiments outlined above, it is evident that manyalternatives, modifications and variations will be apparent to thoseskilled in the art. Accordingly, the exemplary embodiments of theinvention, as set forth above, are intended to be illustrative, notlimiting. Various changes may be made without departing from the spiritand scope of the invention.

We claim:
 1. A method, comprising: (A) accessing, by one or morecomputers of a deposit management computer system, one or moreelectronic databases, stored on one or more computer-readable media,comprising: (1) aggregated account information for a plurality ofFederal Deposit Insurance Corporation (FDIC)-insured andinterest-bearing aggregated deposit accounts held in a plurality ofbanks, N, in a program, wherein funds from client accounts of aplurality of clients are aggregated with funds of other client accountsin the aggregated deposit accounts held in the banks in the program,where each client account represents funds of a respective client heldin one or more of the aggregated deposit accounts, wherein theaggregated account information comprises a respective balance of fundsheld in each of the plurality of the aggregated deposit accounts; and(2) client account information for each of the respective clientaccounts comprising a respective balance of funds from the respectiveclient account held in each of the one or more insured andinterest-bearing aggregated deposit accounts holding funds of therespective client account; and (B) performing the following steps foreach of multiple of the client accounts: (1) accessing, by the one ormore computers from one or more computers of a client relationship bankcomputer system, a client available deposit amount, D_(i), comprisingfunds to be distributed over a plurality of respective banks in theprogram; (2) determining, by the one or more computers, a respectiveclient first amount, FA_(Ni), that comprises up to a predeterminedamount from a first percentage, X, of the client available depositamount, D_(i), to be distributed to respective banks, N_(i), in theprogram, wherein N_(i) is a whole number and (X) times (N_(i)) is lessthan 100, where X is a distribution percent value to be distributed toeach of the N_(i) banks for the respective client transaction account;(3) determining, by the one or more computers, a respective clientsecond amount, SA_(Mi), that comprises up to a predetermined amount froma second percentage, Y, of the client available deposit amount, D_(i),to be distributed to respective one or more other banks, M_(i), in theprogram, wherein M_(i) is a whole number and (Y) times (M_(i)) is lessthan 100, where Y is a distribution percent value to be distributed toeach of the M_(i) banks for the respective client transaction account;(4) determining, by the one or more computers, a remainder amount,R_(i), comprising D_(i)−((D_(i))(X_(i))+(D_(i))(Y)); (5) allocating, bythe one or more computers, respective client first amounts, FA_(Ni), tothe respective banks, N_(i), in the program; (6) allocating, by the oneor more computers, respective client second amounts, SA_(Mi), to therespective banks, M_(i), in the program; (7) allocating, by the one ormore computers, the remainder amount, R_(i), across one or more safetybanks; (C) receiving, by the one or more computers from the one or morecomputers of the client relationship bank computer system, data for anet withdrawal/transfer for one of the client accounts; (D) selectingfor allocation, using the one or more computers, one or more of theaggregated deposit accounts held in the one or more respective safetybanks for the respective client account and allocating the respectivenet withdrawal/transfer first to be met with funds of the remainderamount R_(i) in the one or more respective safety banks for therespective client account; (E) generating, by the one or more computers,data for transferring funds to or from one or more of the safety banksin the program for the one or more aggregated deposit accounts heldtherein; and (F) updating, by the one or more computers, one or more ofthe electronic databases with update data for each of more than one ofthe client accounts, with the update data for each of these clientaccounts based, at least in part, on the remainder amount, R_(i),allocated to one or more of the safety banks for the respective clientaccount.
 2. The method as defined in claim 1, wherein the predeterminedamount from the first and second percentages X and Y is the FDIC-insuredlimit.
 3. The method of claim 1, wherein the step of allocatingcomprises: selecting, by the one or more computers, for allocation, atleast some of the safety banks for the client account based on one ormore selection criteria.
 4. The method as defined in claim 3, whereinone of the one or more selection criteria comprises an affiliation ofthe respective bank.
 5. The method as defined in claim 3, wherein one ofthe one or more selection criteria comprises client selection of one ofthe banks or a client exclusion of one of the banks.
 6. The method asdefined in claim 3, wherein one of the one or more selection criteriacomprises a capacity of the respective bank and/or a balance sheet ofthe respective bank.
 7. The method as defined in claim 3, wherein one ofthe one or more selection criteria comprises a deposit amount from therespective bank held in other of the banks participating in the program.8. The method as defined in claim 1, further comprising: administeringclients' deposits/transfers to and withdrawals/transfers from each ofsaid clients accounts, said administering comprising processing, by theone or more computers, transaction data comprising transaction data forone or more deposits/transfers and/or withdrawals/transfers for one ormore client accounts, or one or more nets of transaction data for one ormore client accounts.
 9. The method as defined in claim 1, wherein oneor more of the electronic databases includes client preference and/orexclusion information comprising a client's one or more preferencesand/or one or more exclusions of one or more banks to hold respectiveclient account funds; determining, by the one or more computers, thebanks in the program for allocation of the client available depositamount, D_(i), based at least in part on the client preference and/orexclusion information.
 10. The method as defined in claim 1, wherein theclient available deposit amount D_(i) is distributed approximatelyevenly across the N_(i) and M_(i) banks.
 11. A system, comprising: oneor more computers of a deposit management computer system comprisingmemory wherein the memory stores computer readable instructionscomprising program code that, when executed, cause the one or morecomputers to perform the steps: (A) accessing, by one or more computersof a deposit management computer system, one or more electronicdatabases, stored on one or more computer-readable media, comprising:(1) aggregated account information for a plurality of Federal DepositInsurance Corporation (FDIC)-insured and interest-bearing aggregateddeposit accounts held in a plurality of banks, N, in a program, whereinfunds from client accounts of a plurality of clients are aggregated withfunds of other client accounts in the aggregated deposit accounts heldin the banks in the program, where each client account represents fundsof a respective client held in one or more of the aggregated depositaccounts, wherein the aggregated account information comprises arespective balance of funds held in each of the plurality of theaggregated deposit accounts; and (2) client account information for eachof the respective client accounts comprising a respective balance offunds from the respective client account held in each of the one or moreinsured and interest-bearing aggregated deposit accounts holding fundsof the respective client account; and (B) performing the following stepsfor each of multiple of the client accounts: (1) accessing, by the oneor more computers from one or more computers of a client relationshipbank computer system, a client available deposit amount, D_(i),comprising funds to be distributed over a plurality of respective banksin the program; (2) determining, by the one or more computers, a clientfirst amount, FA_(Ni), that comprises up to a predetermined amount froma first percentage, X, of the client available despot amount, Di, to bedistributed to respective banks, N_(i), in the program, wherein N_(i) isa whole number and (X) times (N_(i)) is less than 100, where X is adistribution percent value to be distributed to each of the N_(i) banksfor the respective client transaction account; (3) determining, by theone or more computers, a respective client second amount, SA_(Mi), thatcomprises up to a predetermined amount from a second percentage, Y, ofthe client available deposit amount, D_(i), to be distributed torespective one or more other banks, M_(i), in the program, wherein M_(i)is a whole number and (Y) times (M_(i)) is less than 100, where Y is adistribution percent value to be distributed to each of the M_(i) banksfor the respective client transaction account; (4) determining, by theone or more computers, a remainder amount, R_(i), comprisingD_(i)−((D_(i))(X_(i))+(D_(i))(Y)); (5) allocating, by the one or morecomputers, respective client first amounts, FA_(Ni), to the respectivebanks, N_(i), in the program; (6) allocating, by the one or morecomputers, respective client second amounts, SA_(Mi), to the respectivebanks, M_(i), in the program; (7) allocating, by the one or morecomputers, the remainder amount, R_(i), across one or more safety banks;(C) receiving, by the one or more computers from the one or morecomputers of the client relationship bank computer system, data for anet withdrawal/transfer for one of the client accounts; (D) selectingfor allocation, using the one or more computers, one or more of theaggregated deposit accounts held in the one or more respective safetybanks for the respective client account and allocating the respectivenet withdrawal/transfer first to be met with funds of the remainderamount R_(i) in the one or more respective safety banks for therespective client account; (E) generating, by the one or more computers,data for transferring funds to or from one or more of the safety banksin the program for the one or more aggregated deposit accounts heldtherein; and (F) updating, by the one or more computers, one or more ofthe electronic databases with update data for each of more than one ofthe client accounts, with the update data for each of these clientaccounts based, at least in part, on the remainder amount, R_(i),allocated to one or more of the safety banks for the respective clientaccount.
 12. The system of claim 11, wherein the predetermined amountfrom the first and second percentages X and Y is the FDIC-insured limit.13. The system of claim 11, wherein the step of allocating comprises:selecting, by the one or more computers, for allocation, at least someof the safety banks for the client account based on one or moreselection criteria.
 14. The system of claim 13, wherein one of the oneor more selection criteria comprises an affiliation of the respectivebank.
 15. The system of claim 13, wherein one of the one or moreselection criteria comprises client selection of one of the banks or aclient exclusion of one of the banks.
 16. The system of claim 13,wherein one of the one or more selection criteria comprises a capacityof the respective bank and/or a balance sheet of the respective bank.17. The system of claim 13, wherein one of the one or more selectioncriteria comprises a deposit amount from the respective bank held inother of the banks participating in the program.
 18. The system of claim11, further comprising: administering clients' deposits/transfers to andwithdrawals/transfers from each of said clients accounts, saidadministering comprising processing, by the one or more computers,transaction data comprising transaction data for one or moredeposits/transfers and/or withdrawals/transfers for one or more clientaccounts, or one or more nets of transaction data for one or more clientaccounts.
 19. The system of claim 11, wherein one or more of theelectronic databases includes client preference and/or exclusioninformation comprising a client's one or more preferences and/or one ormore exclusions of one or more banks to hold respective client accountfunds; determining, by the one or more computers, the banks in theprogram for allocation of the client available deposit amount, D_(i),based at least in part on the client preference and/or exclusioninformation.
 20. The system of claim 11, wherein the client availabledeposit amount D_(i) is distributed approximately evenly across theN_(i) and M_(i) banks.